Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. sparks corporation has a cash balance of $16,500 o

Sparks Corporation has a cash balance of $16,500 on April 1. The company must maintain...

60.1K

Verified Solution

Question

Accounting

Sparks Corporation has a cash balance of $16,500 on April 1. The company must maintain a minimum cash balance of $13,500. During April, expected cash receipts are $63,000. Cash disbursements during the month are expected to total $74,500. Ignoring interest payments, during April the company will need to borrow:

$5,000

$8,500

$13,500

$11,500

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

Consider the following reaction and its equilibrium constant: I2(g) + Br2(g) 2 IBr(g) Kc = 1.1 ×...

Chemistry
1.2K views

A buffer is prepared by adding 108 mL of 0.48 M NH3 to 143 mL...

Psychology
1.2K views

Some of the most serious abuses taking place in developing countries deal with child labor, human...

Advance Math
1.2K views

Section 5.3: Find the equilibrium values of a general quadratic population model: dx/dt=a1x+b1x^2+c1xy dy/dt=a2y+b2y^2+c2xy Don’t forget to show this for...

Biology
1.2K views

A systolic pressure under 100 mmg ora diastolic pressure under 60 mmHg is diagnostic for...

Biology
1.2K views

Which statement best describes market capitalism C Market capitalism is one in which the government...

Geometry
1.2K views

A tax on which of these products or services would not be considered a sin...

Algebra
1.2K views

6 6 points Let A be a 3 x 4 matrix whose null space is...

Accounting
1.2K views

Interview Notes Luther, age 54, and Lexi, age 56, are married and file...

Accounting
1.2K views

Required information [The following information applies to the questions displayed below.] Hickory...

Accounting
1.2K views

Yamakawa Corporation produces and sells a single product. Data concerning that product appear below: ...

Finance
1.2K views

Question 1 Suppose financial analysts believe that there are four equally likely states of...