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Find the company will need to borrow

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Question 1: Sparks Corporation has a cash balance of $18,900 on April 1. The company must maintain a minimum cash balance of $15,500. During April, expected cash receipts are $67,000. Cash disbursements during the month are expected to total $80,500. Ignoring interest payments, during April the company will need to borrow:

A. $13,500

B. $10,100

C. $15,500

D. $5,400

Reference no: EM132610609

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