a. Prepare a cash budget for September, October, November, and December. Use the minus sign to indicate the cash outflows, a decrease in cash or cash payments.

b. Are the four monthly budgets that are presented prepared as static budgets or flexible budgets?

c. What are the budget implications for Craig Kovar?

Craig can see that his present plan ______ sufficient cash. If Craig did not budget but went ahead with the original plan, he would be $______ short at the end of December.

and December Theo ghath on December to the prestatution, Cabe Seuberstrom Purchase season that Set Additional tertainment for each month Pay for someone Payret the beginning of each month Pay for food each oth Paypartment depok on September 2 berbedece Part time b e ach month at of a Prepare a cash for September October and December the Talah to be Are the y both are prepared fent cash free budget b e head hed Personal Budget 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 fall tuition. The following information relates to the budget: Cash balance, September 1 (from a summer job) $6,700 Purchase season football tickets in September Additional entertainment for each month Pay fall semester tuition in September 3,600 Pay rent at the beginning of each month Pay for food each month 180 Pay apartment deposit on September 2 to be returned December 15) 500 Part-time job earnings each month (net of taxes) 230 a. Prepare a cash budget for September October November, and December. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments Craiova Cash Budget For the Four Months Ending December 31 September October November December Estimated canh receipts from: Part-time job Deposit Total cash receipts. Deposit Total cash receipts Less estimated cash payments for: Season football tickets Additional entertainment Tuition Rent 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 Static C. What are the budget implications for Craig Kovar? Craig can see that his present plan will not provide sufficient cash. If Craig did not budget but went ahead with the original plan, he would be s short at the end of December, with no time left to adjust