At 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 fall tuition. The following information relates to the budget:

Cash balance, September $1($from a summer job$)$ $$8,850$

Purchase season football tickets in September $120$

Additional entertainment for each month $310$

Pay fall semester tuition in September $4,800$

Pay rent at the beginning of each month $430$

Pay for food each month $240$

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

Part$-$time job earnings each month $($net of taxes$)1,100$

Question Content Area

a$.$ Prepare a cash budget for September, October, November, and December. Enter all amounts as positive values except an overall cash decrease which should be indicated with a minus sign.

KATHERINE MALLOY

Cash Budget

For the Four Months Ending December $31$

September October November December

Estimated cash receipts from:

Part$-$time job $fill in the blank a$64092066$fb$405$c$\_1$

$fill in the blank a$64092066$fb$405$c$\_2$

$fill in the blank a$64092066$fb$405$c$\_3$

$fill in the blank a$64092066$fb$405$c$\_4$

Deposit fill in the blank a$64092066$fb$405$c$\_5$

Total cash receipts $fill in the blank a$64092066$fb$405$c$\_6$

$fill in the blank a$64092066$fb$405$c$\_7$

$fill in the blank a$64092066$fb$405$c$\_8$

$fill in the blank a$64092066$fb$405$c$\_9$

Estimated cash payments for:

Season football tickets $fill in the blank a$64092066$fb$405$c$\_10$

Additional entertainment fill in the blank a$64092066$fb$405$c$\_11$

$fill in the blank a$64092066$fb$405$c$\_12$

$fill in the blank a$64092066$fb$405$c$\_13$

$fill in the blank a$64092066$fb$405$c$\_14$

Tuition fill in the blank a$64092066$fb$405$c$\_15$

Rent fill in the blank a$64092066$fb$405$c$\_16$

fill in the blank a$64092066$fb$405$c$\_17$

fill in the blank a$64092066$fb$405$c$\_18$

fill in the blank a$64092066$fb$405$c$\_19$

Food fill in the blank a$64092066$fb$405$c$\_20$

fill in the blank a$64092066$fb$405$c$\_21$

fill in the blank a$64092066$fb$405$c$\_22$

fill in the blank a$64092066$fb$405$c$\_23$

Deposit fill in the blank a$64092066$fb$405$c$\_24$

Total cash payments $fill in the blank a$64092066$fb$405$c$\_25$

$fill in the blank a$64092066$fb$405$c$\_26$

$fill in the blank a$64092066$fb$405$c$\_27$

$fill in the blank a$64092066$fb$405$c$\_28$

Overall cash increase $($decrease$)$ $fill in the blank a$64092066$fb$405$c$\_29$

$fill in the blank a$64092066$fb$405$c$\_30$

$fill in the blank a$64092066$fb$405$c$\_31$

$fill in the blank a$64092066$fb$405$c$\_32$

Cash balance at beginning of month fill in the blank a$64092066$fb$405$c$\_33$

fill in the blank a$64092066$fb$405$c$\_34$

fill in the blank a$64092066$fb$405$c$\_35$

fill in the blank a$64092066$fb$405$c$\_36$

Cash balance at end of month $fill in the blank a$64092066$fb$405$c$\_37$

$fill in the blank a$64092066$fb$405$c$\_38$

$fill in the blank a$64092066$fb$405$c$\_39$

$fill in the blank a$64092066$fb$405$c$\_40$

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

Static

c$.$ Malloy can see that her present plan

will not provide

sufficient cash. If Malloy did not budget but went ahead with the original plan, she would be $fill in the blank $8$e$5$bc$2$f$60$f$88067\_3$

short

at the end of December, with no time left to adjust