ACCOUNTING-Sparks Corporation has a cash balance of $18,300 on April 1
QUESTION
Sparks Corporation has a cash balance of $18,300 on April 1. The company must maintain a minimum cash balance of $15,000. During April, expected cash receipts are $66,000. Cash disbursements during the month are expected to total $79,000. Ignoring interest payments, during April the company will need to borrow:$5,300$9,700$15,000$13,000
ANSWER:
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