Assignment/takeAssignment Mindo Tinprogress-true eBook 4 Show Me How Printem Personal Budget Al the beginning of the school year, Katherine Malloy 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 fastution. The following information relates to the budget Cashbalance, September from a summer Job) $6,460 Purchase season football tickets in September 90 Montertainment for each month Pay fall semester tution in September 3.500 Day at the beginning of each moet . Pwy for food each month 130 Pay apartment deposit on September 2 to be returned December 15) 400 Pattijoech month totam 300 Paresh det forebe Odobe merece swept an overall the KATHERINE HALLOY Casheet the inding December September October November December Estim mat /takeAssignment Main.do?inprogress true Show Me How Print Item September October November December timated cash receipts from: Part-time job 800 300 300 800 400 800 800 800 1.2007 Deposit Total cash receipts Estimated cash payments for: Season football tickets Additional entertainment Tuition 90 220 2205 220 5 220 3.500 310 310 310 310 Rent Food 1807 180 V 1807 180 400 Deposit Total cash payments 4.700 310 710 7107 Overall cash increase (decrease) -3.900 50 90 190 6460 Cash balance at beginning of month Cash balance two of month 2:560 Fede Oy c Vt/take Assignment Main.do?inprogress true DOK Show Me How Print Item Serce may decrease Foke perinatal crestererentur Review the definitions of static budgets and flexible budgets. What weaknesses are shown by this cash budget? . Are the four monthly budgets that are presented prepared as static budgets or flexible budget? Static Malloy can see that tier present plan will not provide sufficient cash. If Malloy did not budget but went ahead with the original plan she hould be short at the end of December, with no time left to adjust TO Sometimes an item may be a decrease in one period od an increase in a different period Heview the definitions static budgets and puble budete What was a shown by this cash bodo c a c O