Please don't give image based answer..thanku Personal budgetAt the beginning of the school year, Craig Kovar decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan forenough 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:$11,0001402205,700530480530Pay apartment deposit on September 2 (to be returned December 15)Part-time job earnings each month (net of taxes)1,050This 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.XOpen spreadsheetCash balance, September 1 (from a summer job)Purchase season football tickets in SeptemberAdditional entertainment for each monthPay fall semester tuition in SeptemberPay rent at the beginning of each monthPay for food each month. Estimated cash receipts from:Part-time job✓DepositCraig KovarCash BudgetFor the Four Months Ending December 31SeptemberOctoberTotal cash receiptsLess estimated cash payments for:Season football ticketsAdditional entertainmentTuitionRentFoodDepositTotal cash paymentsCash increase (decrease)Plus cash balance at beginning of month$5$NovemberCash balance at end of monthb. Are the four monthly budgets that are presented prepared as static budgets or flexible budgets?December

Examine the cash budget to find any possible problems with cash flow, such as periods of excess or…

Personal budget At the beginning of the school year, Craig Kovar decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan fe 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) $11,000 Purchase season football tickets in September 140 Additional entertainment for each month 220 Pay fall semester tuition in September 5,700 Pay rent at the beginning of each month 530 Pay for food each month 480 530 Pay apartment deposit on September 2 (to be returned December 15) Part-time job earnings each month (net of taxes) 1,050 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. X Open spreadsheet

Personal budget At the beginning of the school year, Craig Kovar decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan fe 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) $11,000 Purchase season football tickets in September 140 Additional entertainment for each month 220 Pay fall semester tuition in September 5,700 Pay rent at the beginning of each month 530 Pay for food each month 480 530 Pay apartment deposit on September 2 (to be returned December 15) Part-time job earnings each month (net of taxes) 1,050 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. X Open spreadsheet

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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