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 pfa for enough cash on December 31 to pay the spring kemester tuition, which is the same as the fall tuition. The foliowing information relates to the budget. b. Are the four monthly budgets that are presented prepared as static budgets or fiexible budgets? c. What are the budget implications for Craig Kovar? Craig can see that his present plan sulficient cash. If Craig did not budget but went ahead with the criginat plan, he would be 1 at the end of becember, with no time left to adjust