Personal Budget 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) $7,810 Purchase season football tickets in September 110 Additional entertainment for each month 270 Pay fall semester tuition in September 4,200 Pay rent at the beginning of each month 380 Pay for food each month 210 Pay apartment deposit on September 2 to be returned December 15) 500 Part-time job earnings each month (net of taxes) 970 a. Prepare cash budget for September October, November, and December. Enter att amounts as positive values excest an overall can 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 Depost Total cash recepts Estimated cash payments for Season football tickets Additional entertainment Od My Workmore Check My Worsemang Ime Save and ta Submit Assment for Grading December Tow Me How Print Item For the Four Months Ending December 31 September October November Estimated cash receipts from: Part-time job Deposit Total cash receipts Estimated cash payments for: Season football tickets Additional entertainment Tuition o d pool DO O DI Rent Food Deposit Total cash payments Overall cash increase (decrease) Cash balance at beginning of month Cash balance at end of month ESS b. Are the four monthly budgets that are presented prepared as static budgets ar exible budgets? C. Malloy can see that her present plan sufficient cash. If Malloy did not budget but went ahead with the original plan, she would be at the end of December, with no time left to adjust Previous Next)