Question
Sparks Corporation has a cash balance of $12,400 on April 1. The company must maintain a minimum cash balance of $10,000. During April, expected cash
Sparks Corporation has a cash balance of $12,400 on April 1. The company must maintain a minimum cash balance of $10,000. During April, expected cash receipts are $50,600. Cash disbursements during the month are expected to total $64,400. Ignoring interest payments, during April the company will need to borrow:
Multiple Choice
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$5,700
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$10,000
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$5,300
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11,400
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Optimization Methods In Finance
Authors: Gérard Cornuéjols, Javier Peña, Reha Tütüncü
2nd Edition
1107056748, 9781107056749
