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Business, 29.03.2021 18:40 mrskhg3395

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, how much extra does the company need to borrow to attain the minimum balance of 10,000:

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Sparks Corporation has a cash balance of $18,000 on April 1. The company must maintain a minimum cas...
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