Calculator Print Item Show Me How ork eBook Personal Budget At the beginning of the school year, Priscilla Wescott 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 balanoe, September 1 (from a summer job) Purchase season football tickets in September Additional entertainment for each month Pay fall smester tuition in September Pay rent at the beginning of each month Pay for food each month $8,720 120 300 4,700 420 240 600 Pay apartment deposit on September 2 (to be returned December 15) Part-time job earnings each month (net of taxes) a. Prepare a cash budget for September, October, November, and December. Enter all amounts as positive values except cash decrease which should be Priscilla Wescott Cash Budget For the Four Months Ending December 31 September October November December Next Check My Work 5 more Check My Work uses remaining 4:53 PM 4) d 4/20/2019 19 ^ search Priscilla Wescott Cash Budget For the Four Months Ending December 31 September October November December Estimated cash receipts from Less estimated cash payments for: Next Check My Work 5 more Check My Work uses remaining ms 4:53 PM 4/20/2019 e to search Calculator Print Show Me How Item eBook Total cash payments Cash increase (decrease) Cash balance at end of month b. Are the four monthly budgets that are presented prepared as static budgets or flexible budgets? c. What are the budget implications for Priscilla Wescott? sufficient cash. If Priscilla did not budget but went ahead with the original plan, she would be Priscilla can see that her present plan vat the end of December, with no time left to adjust. Next Check My Work 5 more Check My Work uses remaining 453 PM earch