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Sparks Corporation has a cash balance of $15,900 on April 1. The company must maintain a minimum cash balance of $13,000. During April, expected cash

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Sparks Corporation has a cash balance of $15,900 on April 1. The company must maintain a minimum cash balance of $13,000. During April, expected cash receipts are $62,000. Cash disbursements during the month are expected to total $73,000. Ignoring interest payments, during April the company will need to borrow Multiple Choice $1,000 o $8 o $4.900 o

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