12) Roman Company is preparing its cash budget for the upcoming month. The budgeted beginning cash balance is expected to be $37,000. Budgeted cash receipts are $101,000, while budgeted cash disbursements are $129,000. Roman Company wants to have an ending cash balance of $40,000. How much would Roman Company need to borrow to achieve its desired ending cash balance before considering the cost of borrowing? A) $9,000 B) $31,000 C) $12,000 D) $49,000 13) Purchases in May were $65,000, while expected purchases for June and July are $80,000 and $95,000, respectively. All purchases are paid 35% in the month of purchase and 65% in the following month. At what amount are June payments for purchases budgeted? A) $74,750 B) $70,250 C) $84,000 D) $103,500 14) Fosnight Enterprises prepared the following sales budget: Month March Budgeted Sales $6000 $12,000 $11,000 $20,000 June The expected gross profit rate is 10% and the inventory at the end of February was $15,000. Desired inventory levels at the end of the month are 30% of the next month's cost of goods sold. What is the desired ending inventory on May 31? A) $600 B) $18,000 C) $2,970 D) $5,400