Sparks Corporation has a cash balance of $19,500 on April 1. The company must maintain a minimum cash balance of $16,000. During April, expected cash receipts are $68,000. Cash disbursements during the month are expected to total $82,000. Ignoring interest payments, during April the company will need to borrow:
a. $10,500
b. $5,500
c. $16,000
d. $14,000
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