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Sparks Corporation has a cash balance of $19,500 on April 1. The company must maintain a minimum cash balance of $16,000. Dur
Multiple Choice o $5,500 o O s14,000 S14.000 o o s10,500 S10,500 o 516 000
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Answer #1

Answer : $10,500

Cash Budget for April

April
Beginning Cash Balance $19,500
ADD; Cash receipts 68,000
Total Cash Available 87,500
Less : Cash Disbursements 82,000
Primary Balance of the Cash 5,500
Minimum Cash balance Required 16,000
amount Need To Borrow ( 16,000-5,500) 10,500
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