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$)$ $$10,400$

Purchase season football tickets in September $160$

Additional entertainment for each month $250$

Pay fall semester tuition in September $5,400$

Pay rent at the beginning of each month $600$

Pay for food each month $550$

Pay apartment deposit on September $2($to be returned December $15)600$

Part$-$time job earnings each month $($net of taxes$)1,200$

This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.

Craig Kovar

Cash Budget

For the Four Months Ending December $31$

Estimated cash receipts from:

Less estimated cash payments for:

Season football tickets $$

Renditional entertainment $$

Food $$

Deposit $$

Cotal cash payments

Plus cash balance at bease $($decrease$)$

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? adjust.