Lunine Coat Cash Budect ON) Sparks Company has a cash balance of $7,500 on April 1. The company must maintain a minimum cash balance of $6,000. During April, cash receipts of $48,000 are planned. Cash disbursements during the month are expected to total $52,000. Ignoring interest payments, how much the company need to borrow during April? A) 806 $3,500 $2,500 $6,000 $4,000 None of above Q9) Corvi Corporation produces and sells one product. The budgeted selling price per unit is $126. Budgeted unit sales are shown below: July Budgeted unit sales 7,300 August 11,500 September 14,200 October 12,100 All sales are on credit with 40% collected in the month of the sale and 60% in the following month. The expected cash collections for August is closest to: A) $551,880 B) $579,600 C) $919,800 D) $1,131,480 Answer: