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England Corporation's cash receipts and cash disbursements for the first quarter are as follows: January February March Cash Receipts $825.000 $980.000 $710.000 Cash Disbursements $1,070,000
England Corporation's cash receipts and cash disbursements for the first quarter are as follows: January February March Cash Receipts $825.000 $980.000 $710.000 Cash Disbursements $1,070,000 $980,000 $600,000 England has lines of credit available when they need to borrow money. These lines of credit allow them to borrow in increments of $10,000. England borrows at the beginning of the month and pays 10% interest as the loan is repaid at the end of month. England started January with $0 cash. How much total interest is paid in March (round final answer to zero decimal places)? Multiple Choice $6,125 o o o $4,083 $2,750 O $11,000 O $1,833 England Corporation's cash receipts and cash disbursements for the first quarter are as follows: January February March Cash Receipts $825.000 $980.000 $710.000 Cash Disbursements $1,070,000 $980,000 $600,000 England has lines of credit available when they need to borrow money. These lines of credit allow them to borrow in increments of $10,000. England borrows at the beginning of the month and pays 10% interest as the loan is repaid at the end of month. England started January with $0 cash. How much total interest is paid in March (round final answer to zero decimal places)? Multiple Choice $6,125 o o o $4,083 $2,750 O $11,000 O $1,833
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