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:

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.

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?

Personal Budget At the beginning of the schaol year, Priscilla Wescott cecided to prepare a cash budge for the mcnths af Septemb, October, November, and December. The budget must plan far enaugh 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) Purchase season roatball tickets in Septernber Adcitonal entertalnment for each month Pay fal serser luilion i Spleme Pay rent at the beginning of each month Pay for fond ach rionth Pay apartment ceposit on September 2 to be returned December 15) Part-time job earnings each ionth (net of taxes) a. Prepare a casn budget ror September, October, November, and ecember Enter all amounts as positive values except cash decrease which should be indicated with a minus sign. $3,380 110 290 4,500 410 230 600 ,040