Business

8 August, 06:00

ABC Company has a cash balance of $9,000 on April 1. The company must maintain a minimum cash balance of $6,000. During April expected cash receipts are $45,000. Expected cash disbursements during the month total $52,000. During April the company will need to borrow:

A. $2,000.

B. $4,000.

C. $6,000.

D. $8,000.

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