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  3. sparks corporation has a cash balance of $7,500 on

Sparks Corporation has a cash balance of $7,500 on April 1. The company must maintain...

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Accounting

Sparks Corporation has a cash balance of $7,500 on April 1. The company must maintain a minimum cash balance of $6,000. During April, expected cash receipts are $48,000. Cash disbursements during the month are expected to total $52,000. Ignoring interest payments, during April the company will need to borrow:

$2,500

$3,500

$4,000

$6,000

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