Business, 24.04.2020 00:31 ramirezmarco1593

Sparks Corporation has a cash balance of $10,500 on April 1. The company must maintain a minimum cash balance of $8,500. During April, expected cash receipts are $53,000. Cash disbursements during the month are expected to total $59,500. Ignoring interest payments, during April the company will need to borrow

a. $8.500
b. $4.500
c. $6.500
d. $4.000

Answers: 3

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Sparks Corporation has a cash balance of $10,500 on April 1. The company must maintain a minimum cas...