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What during april the company will need to borrow

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Reference no: EM132761602

Problem 1: Sparks Corporation has a cash balance of $17,100 on April 1. The company must maintain a minimum cash balance of $14,000. During April, expected cash receipts are $64,000. Cash disbursements during the month are expected to total $76,000. Ignoring interest payments, during April the company will need to borrow:

Multiple Choice

Option 1: $14,000
Option 2: $5,100
Option 3: $12,000
Option 4: $8,900

Reference no: EM132761602

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