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Sparks Corporation has a cash balance of $18,300 on April 1. The company must maintain a minimum cash balance of Cash disbursements during the
Sparks Corporation has a cash balance of $18,300 on April 1. The company must maintain a minimum cash balance of Cash disbursements during the month are expected to total $15,000. During April, expected cash receipts are $66,0 $79,000. Ignoring interest payments, during April the company will need to borrow: Multiple Choice $9,700 $5,300 $15,000 $13,000
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
9th Canadian Edition, Volume 2
470964731, 978-0470964736, 978-0470161012
