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Business, 26.11.2019 00:31 unknownday7

Sparks corporation has a cash balance of $18,900 on april 1. the company must maintain a minimum cash balance of $15,500. during april, expected cash receipts are $67,000. cash disbursements during the month are expected to total $80,500. ignoring interest payments, during april the company will need to borrow: a. $5,400b. $10,100c. $15,500d. $13,500

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Sparks corporation has a cash balance of $18,900 on april 1. the company must maintain a minimum cas...
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