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Sparks Corporation has a cash balance of $5120 on April 1. The company must maintain a minimum cash balance of $5,000. During April, expected cash

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Sparks Corporation has a cash balance of $5120 on April 1. The company must maintain a minimum cash balance of $5,000. During April, expected cash receipts are $62,000. Cash disbursements during the month are expected to total $66160. ignoring interest payments, during April the company will need to borrow: $4,040 $4160 $960 $5,000

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