Personal Budget At the beginning of the school year, KatherineMalloy decided to prepare a cash budget for the months ofSeptember, October, November, and December. The budget must planfor enough cash on December 31 to pay the spring semester tuition,which is the same as the fall tuition. The following informationrelates to the budget: Cash balance, September 1 (from a summerjob) $6,350 Purchase season football tickets in September 90Additional entertainment for each month 220 Pay fall semestertuition in September 3,400 Pay rent at the beginning of each month310 Pay for food each month 170 Pay apartment deposit on September2 (to be returned December 15) 400 Part-time job earnings eachmonth (net of taxes) 790 a. Prepare a cash budget for September,October, November, and December. Enter all amounts as positivevalues except an overall cash decrease which should be indicatedwith a minus sign. KATHERINE MALLOY Cash Budget For the Four MonthsEnding December 31 September October November December Estimatedcash receipts from: Part-time job $ $ $ $ Deposit Total cashreceipts $ $ $ $ Estimated cash payments for: Season footballtickets $ Additional entertainment $ $ $ Tuition Rent Food DepositTotal cash payments $ $ $ $ Overall cash increase (decrease) $ $ $$ Cash balance at beginning of month Cash balance at end of month $$ $ $
Personal Budget At the beginning of the school year, KatherineMalloy decided to prepare a cash budget for the months ofSeptember, October, November, and December. The budget must planfor enough cash on December 31 to pay the spring semester tuition,which is the same as the fall tuition. The following informationrelates to the budget: Cash balance, September 1 (from a summerjob) $6,350 Purchase season football tickets in September 90Additional entertainment for each month 220 Pay fall semestertuition in September 3,400 Pay rent at the beginning of each month310 Pay for food each month 170 Pay apartment deposit on September2 (to be returned December 15) 400 Part-time job earnings eachmonth (net of taxes) 790 a. Prepare a cash budget for September,October, November, and December. Enter all amounts as positivevalues except an overall cash decrease which should be indicatedwith a minus sign. KATHERINE MALLOY Cash Budget For the Four MonthsEnding December 31 September October November December Estimatedcash receipts from: Part-time job $ $ $ $ Deposit Total cashreceipts $ $ $ $ Estimated cash payments for: Season footballtickets $ Additional entertainment $ $ $ Tuition Rent Food DepositTotal cash payments $ $ $ $ Overall cash increase (decrease) $ $ $$ Cash balance at beginning of month Cash balance at end of month $$ $ $
Related questions
Sales and Production Budgets Sonic Inc. manufactures two modelsof speakers, Rumble and Thunder. Based on the following productionand sales data for June, prepare (a) a sales budget and (b) aproduction budget. Rumble Thunder Estimated inventory (units), June1 278 77 Desired inventory (units), June 30 319 67 Expected salesvolume (units): East Region 4,100 4,600 West Region 5,000 4,350Unit sales price $115 $185 a. Prepare a sales budget. Sonic Inc.Sales Budget For the Month Ending June 30 Product and Area UnitSales Volume Unit Selling Price Total Sales Model Rumble: EastRegion $ $ West Region Total $ Model Thunder: East Region $ $ WestRegion Total $ Total revenue from sales $
2.
Personal Budget
At the beginning of the school year, Katherine Malloy decided toprepare a cash budget for the months of September, October,November, and December. The budget must plan for enough cash onDecember 31 to pay the spring semester tuition, which is the sameas the fall tuition. The following information relates to thebudget:
| Cash balance, September 1 (from a summer job) | $6,350 |
| Purchase season football tickets in September | 90 |
| Additional entertainment for each month | 220 |
| Pay fall semester tuition in September | 3,400 |
| Pay rent at the beginning of each month | 310 |
| Pay for food each month | 170 |
| Pay apartment deposit on September 2 (to be returned December15) | 400 |
| Part-time job earnings each month (net of taxes) | 790 |
a. Prepare a cash budget for September,October, November, and December. Enter all amounts as positivevalues except an overall cash decrease which should be indicatedwith a minus sign.
| KATHERINE MALLOY | ||||
| CashBudget | ||||
| Forthe 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 | ||||
| Rent | ||||
| Food | ||||
| Deposit | ||||
| Total cash payments | $ | $ | $ | $ |
| Overall cash increase (decrease) | $ | $ | $ | $ |
| Cash balance at beginning of month | ||||
| Cash balance at end of month | $ | $ | $ | $ |
At the beginning of the 2016 school year, Britney Logan decidedto prepare a cash budget for the months of September, October,November, and December. The budget must plan for enough cash onDecember 31 to pay the spring semester tuition, which is the sameas the fall tuition. The following information relates to thebudget:
| Cash balance, September 1 (from a summer job) | $8,130 |
| Purchase season football tickets in September | 110 |
| Additional entertainment for each month | 280 |
| Pay fall semester tuition in September | 4,400 |
| Pay rent at the beginning of each month | 390 |
| Pay for food each month | 220 |
| Pay apartment deposit on September 2 (to be returned December15) | 600 |
| Part-time job earnings each month (net of taxes) | 1,010 |
a. Prepare a cash budget for September,October, November, and December. Enter all amounts as positivevalues except an overall cash decrease which should be indicatedwith a minus sign.
| BritneyLogan | ||||
| CashBudget | ||||
| For the FourMonths Ending December 31, 2016 | ||||
| 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 | ||||
| Rent | ||||
| Food | ||||
| Deposit | ||||
| Total cash payments | $ | $ | $ | $ |
| Cash increase (decrease) | $ | $ | $ | $ |
| Cash balance at beginning of month | ||||
| Cash balance at end of month | $ | $ | ||
c. Brittany can see that her present planwill not provide sufficient cash. If Logan did notbudget but went ahead with the original plan, she would be $short at the end of December, with no time left toadjust. thats all format
Personal Budget
At the beginning of the 2016 school year, Britney Logan decidedto prepare a cash budget for the months of September, October,November, and December. The budget must plan for enough cash onDecember 31 to pay the spring semester tuition, which is the sameas the fall tuition. The following information relates to thebudget:
| Cash balance, September 1 (from a summer job) | $6,500 |
| Purchase season football tickets in September | 90 |
| Additional entertainment for each month | 230 |
| Pay fall semester tuition in September | 3,500 |
| Pay rent at the beginning of each month | 320 |
| Pay for food each month | 180 |
| Pay apartment deposit on September 2 (to be returned December15) | 500 |
| Part-time job earnings each month (net of taxes) | 810 |
a. Prepare a cash budget for September,October, November, and December. Enter all amounts as positivevalues except an overall cash decrease which should be indicatedwith a minus sign.
| BritneyLogan | ||||
| CashBudget | ||||
| For the FourMonths Ending December 31, 2016 | ||||
| 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 | ||||
| Rent | ||||
| Food | ||||
| Deposit | ||||
| Total cash payments | $ | $ | $ | $ |
| Cash increase (decrease) | $ | $ | $ | $ |
| Cash balance at beginning of month | ||||
| Cash balance at end of month | $ | $ | $ | $ |
b. Are the four monthly budgets that arepresented prepared as static budgets or flexible budgets?
c. Brittany can see that her present plansufficient cash. If Logan did not budget but went ahead with theoriginal plan, she would be $ at the end of December, with no timeleft to adjust.
