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Sparks Corporation has a cash balance of $12,900 on April 1. The company must maintain a minimum cash balance of $10,500. During April, expected cash
Sparks Corporation has a cash balance of $12,900 on April 1. The company must maintain a minimum cash balance of $10,500. During April, expected cash receipts are $57,000. Cash disbursements during the month are expected to total $65,500. Ignoring interest payments, during April the company will need to borrow: Multiple Choice $6,100 O $4,400 O $10.500 O $8,500
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