Techganga from Cam eBook Show Me How 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 tation, which is the same as the fat tuition. The following information relates to the budget Cash Balance, September 1 (from a summer job) 56,250 Purchase season football tickets in September Additional entertainment for each month 90 220 Payroll semester tuition in September 3,400 Pay rent at the beginning of each month 300 Pay for food each month 170 Pay apartment deposit on September 2 to be returned December 15) 400 Part-time job samings each month (net of taxes) 780 - Prepare a cash budget for September October, November and December, Inter all amounts as position values except an overall canh decreas 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 Deposit Total cash receipts Estimated cash payments for Need Check My Work Save and be submit Assigment for Grading TU WERE Wwer, October, November, and December. Enter all amounts as positive values e 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 Deposit Total cash receipts Estimated cash payments for: Season football tickets Additional entertainment Tuition DQ Q O ID Rent 8 Food Deposit Accounting numeric field Total cash payments Overall cash increase (decrease) Cash balance at beginning of month Cash balance at end of month Feedback eBook Show Me How Check My Work Sometimes an item may be a decrease in one period and an increase in a different period Review the definitions of static budgets and flexible budgets. What weaknesses are shown by this cash budget? b. Are the four monthly budgets that are presented prepared as static budgets or flexible budgets? Static c. Malloy can see that her present plan will not provide sufficient cash. If Malloy did not budget bot went ahead with the original bian, she would be short at the end of December, with no time left to adjust. Feedback Check My Work Sometimes an item may be a decrease in one period and an increase in a different period Review the definitions of static budgets and flexible budgets, What weaknesses are shown by this cash budget? Foodbach Check My Work Partially correct