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Sparks Corporation has a cash balance of $11,100 on April 1. The company must maintain...

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Accounting

Sparks Corporation has a cash balance of $11,100 on April 1. The company must maintain a minimum cash balance of $9,000. During April, expected cash receipts are $54,000. Cash disbursements during the month are expected to total $61,000. Ignoring interest payments, during April the company will need to borrow: $7,000 $9,000 $4,100 $4,900

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