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Sparks Corporation has a cash balance of $39,000 on April 1. The company must maintain a minimum cash balance of $35,000. During April, expected cash

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Sparks Corporation has a cash balance of $39,000 on April 1. The company must maintain a minimum cash balance of $35,000. During April, expected cash receipts are $74,500. Cash disbursements during the month are expected to total $85,000. Ignoring interest payments, during April the company will need to borrow: 28,500 00 6,500 10,500

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