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Business, 07.03.2020 05:28 allenpaietonp9v8sv

Sparks Corporation has a cash balance of $18,000 on April 1. The company must maintain a minimum cash balance of $10,000. During April, expected cash receipts are $98,000. Cash disbursements during the month are expected to total $112,000. Ignoring interest payments, during April the company will need to borrow:a.$2,000b.$4,000c.$8,000d.$6 ,000

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Sparks Corporation has a cash balance of $18,000 on April 1. The company must maintain a minimum cas...

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