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Business, 22.08.2020 22:01 lexipooh5954
Sparks Corporation has a cash balance of $9,300 on April 1. The company must maintain a minimum cash balance of $7,500. During April, expected cash receipts are $51,000. Cash disbursements during the month are expected to total $56,500. Ignoring interest payments, during April the company will need to borrow:
a) $3,800
b) $5,500
c) $3,700
d) $7,500
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Sparks Corporation has a cash balance of $9,300 on April 1. The company must maintain a minimum cash...
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