Personal Budget

This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.

Open spreadsheet

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.

Craig Kovar

Cash Budget

For the Four Months Ending December $31$

b$.$ Are the four monthly budgets that are presented prepared as static budgets or flexible budgets?

c$.$ What are the budget implications for Craig Kovar?

Craig can see that his present plan

sufficient cash. If Craig did not budget but went ahead with the original plan, he would be $

$$

at the end of December, with no time left to adjust.