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Flames Corporation has a cash balance of $10,500 on April 1. The company must maintain...

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Accounting

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Flames Corporation has a cash balance of $10,500 on April 1. The company must maintain a minimum cash balance of $8.500. During April, expected cash receipts are $53,000 Cash disbursements during the month are expected to total $59,500. Ignoring interest payments, during April the company will need to borrow Multiple Choice 10:29 O $8.500 O $4,000 O $4,500 $6,500

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