22: EX 22-1, EX 22-9, EX 2 201.EXCEL ALGO 2.09.EXCEL ALGO 2.17 2.18 eBook Personal Budget Show Me How Ofice 365 At the beginning of the school year, Craig Kovar decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash on December 31 to pay the spring semester tuition, which is the same as the full tution. The flowing information relates to the budget Cash balance, September 1 (from a summer job) Purchase season football tickets in September Additional entertainment for each month Pay fall semester tuition in September Pay rent at the begining of each month Pay for food each month I Pay apartment deposit on September 2 to be returned December 13) Part-time job earnings each month (net of) $10,300 170 200 5,400 630 300 630 1,250 This information has been collected in the Microsoft Excel Online fie. Open the spreadsheet, perform the required analysis, and input your answers in the question Open spreadsheet a. Prepare a cash budget for September October, November, and December Enter all amounts as positive values except cash decrease which should be indicated with a minus sign Craig Kovar Cash Budget 22.01 EXCEL ALGO X.22.09.EXCEL ALGO X.22.17 EX.22.18 a. Prepare a cash budget for September, October, November, and December. Enter all amounts as positive values except cash decrease which should be indicated with a minus sign Craig Kovar Cash Budget For the Four Months Ending December 31 September October November December Estimated cash receipts from: Part-time job Reposit I Total cash receipts Less estimated cash payments for Season football tickets Additional entertainment Tuition Bent Food Reposit Total cash payments Cash increase (decrease) Check My Work Next eBook ToungTraderWealth Dogam marketp Show Me How Office 365 B Food Deposit Total cash payments Cash increase (decrease) Plus cash balance at beginning of month Cash balance at end of month b. Are the four monthly budgets that are presented prepared as static budgets or flexible budgets? Static I c. What are the budget implications for Craig Kovar? Craig can see that his present plan will not provide short sufficient cash. If Craig did not budget but went ahead with the original plan, he would be s at the end of December, with no time left to adjust. Feedback Check My Work Sometimes an item may be a decrease in one period and an increase in a different period. Review the definitions of static budgets and flexible budgets What weaknesses are shown by this cash budget? Chat OPT