geNOWv2 | Online te x The Evolution of Green Sere x 2 Traveling Mattes - How Big X /takeAssignment/takeAssignmentMain.do?invoker=assignments& takeAssignmentSessionLocator-assignment takes inprogress =false Why Are Green Screens Gre x Citation Machine Modern * 2 Traveling Mattes How Blu X G lord of the rings 1 movie de X + eBook Show Me How Calculator following information relates to the budget! 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 31 to pay the spring semester tuition, which is the same as the fall tuition Cash balance, September 1 (from a summer job) Purchase season football tickets in September $6,700 Additional entertainment for each month 90 Pay fall semester tuition in September 230 Pay rent at the beginning of each month 3.600 Pay for food each month 320 Pay apartment deposit on September 2 (to be returned December 15) 180 Part-time job earnings each month (net of taxes) 500 830 a. Prepare a cash budget for September, October, November, and December. Use the minus sign to Craig Kovar sh payments Cash Budget For the Four Months Ending December 31 Estimated cash receipts from: September October November December Part-time job 830 830 830 Deposit 1830 Total cash receipts 830 830 830 1 336 Less estimated cash payments for: Season football tickets Additional entertainment 230 -230 F230 Tuition Rent 320 -320 Food -180 -180 Deposit Total cash payments -4,920 -730 -730 730 Cash increase (decrease) -4,090 100 600 Plus cash balance at beginning of month 6,700 2,610 Cash balance at end of month 2.610 b. Are the four monthly budgets that are presented prepared as static budgets or flexible budgets? Static c. What are the budget implications for Craig Kovar? Craig can see that his present plan will not provide sufficient cash. If Craig did not budget but went ahead with the original plan, he would be s short at the end of December, with no time left to adjust. Check My Work 1 more Check My Work uses remaining. All work saved. Email Instructor Save and Exit Submit Assignment N 59%