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)	$6,690
Purchase season football tickets in September	90
Additional entertainment for each month	230
Pay fall semester tuition in September	3,600
Pay rent at the beginning of each month	320
Pay for food each month	180
Pay apartment deposit on September 2 (to be returned December 15)	500
Part-time job earnings each month (net of taxes)	830

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.

c. Malloy can see that her present plan

will providewill not providewill not provide

sufficient cash. If Malloy did not budget but went ahead with the original plan, she would be

overshortshort

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

D.O.O 200 LO OO BOB