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Find during april the company will need to borrow

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Problem 1: 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) $2,000

B) $6,000

C) $4,000

D) $8,000

Reference no: EM132768854

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