Question
Sparks Corporation has a cash balance of $18,900 on April 1. The company must maintain a minimum cash balance of $15,500. During April, expected cash
Sparks Corporation has a cash balance of $18,900 on April 1. The company must maintain a minimum cash balance of $15,500. During April, expected cash receipts are $67,000. Cash disbursements during the month are expected to total $80,500. Ignoring interest payments, during April the company will need to borrow:
| $15,500 | ||
| $13,500 | ||
| $5,400 | ||
| $10,100
Which is the correct answer? |
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The UCAS Guide To Getting Into Economics Finance And Accountancy At University
Authors: Ucas, Targetjobs.Co.UK
1st Edition
9781908077172
