Cash disbursements during the month


Sparks company has a cash balance of $7500 on april 1. The company must maintain a minimum cash balance of $6000. during april, cash receipts of $48000 are planned. cash disbursements during the month are expected to total $52000. ignoring interest payments, during april the company will need to borrow.

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Accounting Basics: Cash disbursements during the month
Reference No:- TGS072788

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