9. Darter Ltd.'s estimated cash receipts and cash disbursements for the first two quarters are as follows: Quarter 1 (Ja

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9 Darter Ltd S Estimated Cash Receipts And Cash Disbursements For The First Two Quarters Are As Follows Quarter 1 Ja 1 (54.75 KiB) Viewed 16 times

9. Darter Ltd.'s estimated cash receipts and cash disbursements for the first two quarters are as follows: Quarter 1 (Jan- Quarter 2 (Apr- Mar) Jun) Cash receipts $150 000 $250 000 Cash $195 0004 $240 0004 disbursements Darter Ltd. has a line of credit agreement with its bank, wnich allows it to access short-term loan with an annual interest rate of 6%. (For simplicity, assume that all borrowings occur at the end of each quarter). Darter Ltd. does not have a minimal cash balance requirement and does not have any outstanding loan at the beginning of Quarter 1. What is Darter Ltd.'s forecasted borrowing (or repayment) at the end of Quarter 2? + A. $9,352 B. $32,3004 C. $34,3254 D. $35,000 E. $35,6754