Now it is a new year. You owe the bank $20 million, which displays in the Due This Year cell on the Finance worksheet. Your new short term (Current Debt) interest rate, which is driven by the prime rate and your credit rating, appears in the cell above. In the Borrow ($000) cell you see $0. Note that the default Borrow ($000) decision is always zero.

At the beginning of each round, a check is written for any amount that appears in the Due This Year cell (no special action is required; the simulation writes the check for you).

Returning to the example above, your decisions for the current round must take into consideration the $20 million due this year. This obligation is factored into the December 31 Cash Position projected for the end of the current round (the bottom cell in the Cash Positions area). You do not need to worry about whether your Current Debt check will bounce; Stock issues, Bond issues and new Current Debt are issued immediately; they will help cover the check. If you are still short of cash, your bank will cover you until cash flows from operations meet the obligation. However, if the current round's cash flows from operations should prove inadequate to meet the remaining balance and other operating expenditures, at the end of the round you can expect a visit from Big Al, who will write a check for the exact amount of the shortfall.