Business, 27.08.2020 01:01 ineedhelp2285

Sparks Corporation has a cash balance of $5,480 on April 1. The company must maintain a minimum cash balance of $5,000. During April, expected cash receipts are $56,200. Cash disbursements during the month are expected to total $60,600. Ignoring interest payments, during April the company will need to borrow: a) $5,000
b) $4,400
c) $1,080
d) $3,920

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Sparks Corporation has a cash balance of $5,480 on April 1. The company must maintain a minimum cash...

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