Prepare a cash budget for September, October, November, and December. Enter all amounts as positive values except an overall cash decrease which should be indicated with a minus sign.
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
At the beginning of the school year, Katherine Malloy decided to prepare a
| Cash balance, September 1 (from a summer job) | $7,650 |
| Purchase season football tickets in September | 100 |
| Additional entertainment for each month | 270 |
| Pay fall semester tuition in September | 4,100 |
| Pay rent at the beginning of each month | 370 |
| 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) | 950 |
Question Content Area
a. Prepare a cash budget for September, October, November, and December. Enter all amounts as positive values except an overall cash decrease which should be indicated with a minus sign.
| September | October | November | December | |
| Estimated cash receipts from: | ||||
| Part-time job | $fill in the blank 805f3ef9804a054_1 | $fill in the blank 805f3ef9804a054_2 | $fill in the blank 805f3ef9804a054_3 | $fill in the blank 805f3ef9804a054_4 |
| Deposit | fill in the blank 805f3ef9804a054_5 | |||
| Total cash receipts | $fill in the blank 805f3ef9804a054_6 | $fill in the blank 805f3ef9804a054_7 | $fill in the blank 805f3ef9804a054_8 | $fill in the blank 805f3ef9804a054_9 |
| Estimated cash payments for: | ||||
| Season football tickets | $fill in the blank 805f3ef9804a054_10 | |||
| Additional entertainment | fill in the blank 805f3ef9804a054_11 | $fill in the blank 805f3ef9804a054_12 | $fill in the blank 805f3ef9804a054_13 | $fill in the blank 805f3ef9804a054_14 |
| Tuition | fill in the blank 805f3ef9804a054_15 | |||
| Rent | fill in the blank 805f3ef9804a054_16 | fill in the blank 805f3ef9804a054_17 | fill in the blank 805f3ef9804a054_18 | fill in the blank 805f3ef9804a054_19 |
| Food | fill in the blank 805f3ef9804a054_20 | fill in the blank 805f3ef9804a054_21 | fill in the blank 805f3ef9804a054_22 | fill in the blank 805f3ef9804a054_23 |
| Deposit | fill in the blank 805f3ef9804a054_24 | |||
| Total cash payments | $fill in the blank 805f3ef9804a054_25 | $fill in the blank 805f3ef9804a054_26 | $fill in the blank 805f3ef9804a054_27 | $fill in the blank 805f3ef9804a054_28 |
| Overall cash increase (decrease) | $fill in the blank 805f3ef9804a054_29 | $fill in the blank 805f3ef9804a054_30 | $fill in the blank 805f3ef9804a054_31 | $fill in the blank 805f3ef9804a054_32 |
| Cash balance at beginning of month | fill in the blank 805f3ef9804a054_33 | fill in the blank 805f3ef9804a054_34 | fill in the blank 805f3ef9804a054_35 | fill in the blank 805f3ef9804a054_36 |
| Cash balance at end of month | $fill in the blank 805f3ef9804a054_37 | $fill in the blank 805f3ef9804a054_38 | $fill in the blank 805f3ef9804a054_39 | $fill in the blank 805f3ef9804a054_40 |
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