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Roman Company is preparing its cash budget for the upcoming month. The budgeted beginning cash balance is expected to be $38,000. Budgeted cash receipts are

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Roman Company is preparing its cash budget for the upcoming month. The budgeted beginning cash balance is expected to be $38,000. Budgeted cash receipts are $109,000, while budgeted cash disbursements are $124,000. Roman Company wants to have an ending cash balance of $42,000 How much would Roman Company need to borrow to achieve its desired ending cash balance? O A. $19,000 O B. $27,000 O C. $23,000 OD. $65,000 BusyBody Company expects its November sales to be 15% higher than its October sales of $150,000. Purchases were $60,000 in October and are expected to be $200,000 in November. All sales are on credit and are collected as follows: 25% in the month of the sale and 70% in the following month, Purchases are paid 30% in the month of purchase and 70% in the following month. The cash balance on November 1 is $14,000. The cash balance on November 30 will be O A. $60,125 O B. $46,125 O C. $32,125 O D. $162,125 Purchases in May were $63,000, while expected purchases for June and July are $76,000 and $91,000, respectively. All purchases are paid 25% in the month of purchase and 75% in the following month. At what amount are June payments for purchases budgeted? O A. $66,250 O B. $89,000 O C. $57,500 O D. $72,750

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