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help please!! Personal Budget At the beginning of the school year, Priscilla Wescott decided to prepare a cash budget for the months of September October,
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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 balance, September 1 (from a summer Job) $7.980 Purchase season football tickets in September 110 Additional entertainment for each month 280 Pay fall semester tuition in September 4,300 Pay rent at the beginning of each month 390 Pay for food each month 220 Pay apartment deposit on September 2 (to be returned December 15) 600 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 indicated with a minus sign. Priscilla Wescott Cash Budget For the Four Months Ending December 31 September October November December Estimated cash receipts from: 990 Pay for food each month 220 Pay apartment deposit on September 2 (to be returned December 15) 600 Part-time job earnings each month (net of taxes) 990 a. Prepare a cash budget for September October November, and December. Enter all amounts as positive values except cash decrease which should be Indicated with a minus sign. Priscilla Wescott Cash Budget For the Four Months Ending December 31 September October November December Estimated cash receipts from: Total cash receipts Less estimated cash payments for: Total cash payments 21 AM Priscilla Wescott Cash Budget For the Four Months Ending December 31 September October November Estimated cash receipts from: December Total cash receipts Less estimated cash payments for: II 1 Total cash payments Cash increase (decrease) 88 Cash balance at end of month b. Are the four monthly budgets that are presented prepared as static budgets or fledble budgets? TUN Total cash receipts Less estimated cash payments fort 11 Total cash payments Cash increase (decrease) Cash balance at end of month b. Are the four monthly budgets that are presented prepared as static budoute or flexible battu? c. What are the budget impilications for Priscilla Wescott? Priscilla can see that her present plan sufficient cash. If Priscila did not budget but went ahead with the original plan, she would at the end of December, with no time left to adjust be Step by Step Solution
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