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 1 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) $7,750 Purchase season football tickets in September 110 Additional entertainment for each month 2.70 Pay fal semester tuition in September 4,200 Pay rent at the beginning of each month 370 Pay for food each month 210 Pay apartment deposit on September 2 to be returned December 15) 500 Part-time job earnings each month (net of taxes 960 a. Prepare a cash budget for September October November and December. Use the minus ign to indicate cash outfiowo, a decrease in cath or cash payments Craig Kuvat Cash Budget For the Four Months Ending December 31 September October November December Estimated cash receipts from Totalcan recepti Less estimated cath payments for U II Jl Total cash payments Cash increase (decrease Cash balance at end of month b. Are the four monthly budgets that are presented prepared as static budget or exible budgets What are the budget implications for Craig Kovar? wufficient cas. Cage not budget but went ahead with the original panne would be at the end of December Crega see that is presentan with no me late ajutt