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 tuition, which is the same as the fall tuition. The following information relates to the budget:Cash balance, September 1 (from a summer job)$7,380Purchase season football tickets in September100Additional entertainment for each month260Pay fall semester tuition in September4,000Pay rent at the beginning of each month360Pay for food each month200Pay apartment deposit on September 2 (to be returned December 15)500Part-time job earnings each month (net of taxes)920a. Prepare a cash budget for September, October, November, and December. Enter all amounts as positive values except an overall cash decrease which should be indicated with a minus sign.KATHERINE MALLOYCash BudgetFor the Four Months Ending December 31 SeptemberOctoberNovemberDecemberEstimated cash receipts from: Part-time job$fill in the blank 9231e8019fd4fbe_1$fill in the blank 9231e8019fd4fbe_2$fill in the blank 9231e8019fd4fbe_3$fill in the blank 9231e8019fd4fbe_4Deposit fill in the blank 9231e8019fd4fbe_5Total cash receipts$fill in the blank 9231e8019fd4fbe_6$fill in the blank 9231e8019fd4fbe_7$fill in the blank 9231e8019fd4fbe_8$fill in the blank 9231e8019fd4fbe_9Estimated cash payments for: Season football tickets$fill in the blank 9231e8019fd4fbe_10 Additional entertainmentfill in the blank 9231e8019fd4fbe_11$fill in the blank 9231e8019fd4fbe_12$fill in the blank 9231e8019fd4fbe_13$fill in the blank 9231e8019fd4fbe_14Tuitionfill in the blank 9231e8019fd4fbe_15 Rentfill in the blank 9231e8019fd4fbe_16fill in the blank 9231e8019fd4fbe_17fill in the blank 9231e8019fd4fbe_18fill in the blank 9231e8019fd4fbe_19Foodfill in the blank 9231e8019fd4fbe_20fill in the blank 9231e8019fd4fbe_21fill in the blank 9231e8019fd4fbe_22fill in the blank 9231e8019fd4fbe_23Depositfill in the blank 9231e8019fd4fbe_24 Total cash payments$fill in the blank 9231e8019fd4fbe_25$fill in the blank 9231e8019fd4fbe_26$fill in the blank 9231e8019fd4fbe_27$fill in the blank 9231e8019fd4fbe_28Overall cash increase (decrease)$fill in the blank 9231e8019fd4fbe_29$fill in the blank 9231e8019fd4fbe_30$fill in the blank 9231e8019fd4fbe_31$fill in the blank 9231e8019fd4fbe_32Cash balance at beginning of monthfill in the blank 9231e8019fd4fbe_33fill in the blank 9231e8019fd4fbe_34fill in the blank 9231e8019fd4fbe_35fill in the blank 9231e8019fd4fbe_36Cash balance at end of month$fill in the blank 9231e8019fd4fbe_37$fill in the blank 9231e8019fd4fbe_38$fill in the blank 9231e8019fd4fbe_39$fill in the blank 9231e8019fd4fbe_40b. Are the four monthly budgets that are presented prepared as static budgets or flexible budgets? c. Malloy can see that her present plan sufficient cash. If Malloy did not budget but went ahead with the original plan, she would be $fill in the blank 9dc864f5905dff0_3 at the end of December, with no time left to adjust. Check My Work ContentCengageNOWv2| Online teachin xAnswered: CengageNOWv2 | On Xそ→ CA v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=falsevveek 6 - PrODiem AssignmentеВookShow Me HoWDeposit1. PE.22.01ATotal cash receipts2. PE.22.02AEstimated cash payments for:Season football tickets3. PE.22.03AAdditional entertainment4. PE.22.04ATuitionRent5. PE.22.05AFood6. PE.22.06ADepositTotal cash payments$$7. EX.22.01.ALGOOverall cash increase (decrease)$48. EX.22.19.ALGOくCash balance at beginning of monthCash balance at end of monthb. Are the four monthly budgets that are presented prepared as static budgets or flexible budgets?c. Malloy can see that her present plansufficient cash. If Malloy did not budget but went ahead with the originalplan, she would be $at the end of December, with no time left to adjust.Check My WorkPreviousNextDregrecs: 7/0 itoms9:53 PMP Type here to searchwP2/9/2021... ContentCengageNOWv2| Online teachin xb Answered: CengageNOWv2 | On XA v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=falsevveek 6 - PrODiem AssignmentеВookShow Me HowAt the beginning of the school year, Katherine Malloy decided to prepare a cash budget for the months of September, October, November,1. PE.22.01Aand December. The budget must plan for enough cash on December 31 to pay the spring semester tuition, which is the same as the falltuition. The following information relates to the budget:2. PE.22.02ACash balance, September 1 (from a summer job)$7,3803. PE.22.03APurchase season football tickets in September100Additional entertainment for each month2604. PE.22.04APay fall semester tuition in September4,0005. PE.22.05APay rent at the beginning of each month360Pay for food each month2006. PE.22.06APay apartment deposit on September 2 (to be returned December 15)500Part-time job earnings each month (net of taxes)9207. EX.22.01.ALGOa. Prepare a cash budget for September, October, November, and December. Enter all amounts as positive values except an overall cash8. EX.22.19.ALGOdecrease which should be indicated with a minus sign.ΚΑΤΗERINE MALLOYCash BudgetFor the Four Months Ending December 31SeptemberOctoberNovemberDecemberEstimated cash receipts from:Part-time job%$4$DepositTotal cash receiptsEstimated cash navments for:Check My WorkPreviousNextDregrecs: 7/0 itoms9:53 PMP Type here to searchwP2/9/2021...

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 tuition, which is the same as the fall tuition. The following information relates to the budget: Cash balance, September 1 (from a summer job) $7,380 Purchase season football tickets in September 100 Additional entertainment for each month 260 Pay fall semester tuition in September 4,000 Pay rent at the beginning of each month 360 Pay for food each month 200 Pay apartment deposit on September 2 (to be returned December 15) 500 Part-time job earnings each month (net of taxes) 920 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. KATHERINE MALLOY Cash Budget For the Four Months Ending December 31 September October November December Estimated cash receipts from: Part-time job $fill in the blank 9231e8019fd4fbe_1 $fill in the blank 9231e8019fd4fbe_2 $fill in the blank 9231e8019fd4fbe_3 $fill in the blank 9231e8019fd4fbe_4 Deposit fill in the blank 9231e8019fd4fbe_5 Total cash receipts $fill in the blank 9231e8019fd4fbe_6 $fill in the blank 9231e8019fd4fbe_7 $fill in the blank 9231e8019fd4fbe_8 $fill in the blank 9231e8019fd4fbe_9 Estimated cash payments for: Season football tickets $fill in the blank 9231e8019fd4fbe_10 Additional entertainment fill in the blank 9231e8019fd4fbe_11 $fill in the blank 9231e8019fd4fbe_12 $fill in the blank 9231e8019fd4fbe_13 $fill in the blank 9231e8019fd4fbe_14 Tuition fill in the blank 9231e8019fd4fbe_15 Rent fill in the blank 9231e8019fd4fbe_16 fill in the blank 9231e8019fd4fbe_17 fill in the blank 9231e8019fd4fbe_18 fill in the blank 9231e8019fd4fbe_19 Food fill in the blank 9231e8019fd4fbe_20 fill in the blank 9231e8019fd4fbe_21 fill in the blank 9231e8019fd4fbe_22 fill in the blank 9231e8019fd4fbe_23 Deposit fill in the blank 9231e8019fd4fbe_24 Total cash payments $fill in the blank 9231e8019fd4fbe_25 $fill in the blank 9231e8019fd4fbe_26 $fill in the blank 9231e8019fd4fbe_27 $fill in the blank 9231e8019fd4fbe_28

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 tuition, which is the same as the fall tuition. The following information relates to the budget: Cash balance, September 1 (from a summer job) $7,380 Purchase season football tickets in September 100 Additional entertainment for each month 260 Pay fall semester tuition in September 4,000 Pay rent at the beginning of each month 360 Pay for food each month 200 Pay apartment deposit on September 2 (to be returned December 15) 500 Part-time job earnings each month (net of taxes) 920 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. KATHERINE MALLOY Cash Budget For the Four Months Ending December 31 September October November December Estimated cash receipts from: Part-time job $fill in the blank 9231e8019fd4fbe_1 $fill in the blank 9231e8019fd4fbe_2 $fill in the blank 9231e8019fd4fbe_3 $fill in the blank 9231e8019fd4fbe_4 Deposit fill in the blank 9231e8019fd4fbe_5 Total cash receipts $fill in the blank 9231e8019fd4fbe_6 $fill in the blank 9231e8019fd4fbe_7 $fill in the blank 9231e8019fd4fbe_8 $fill in the blank 9231e8019fd4fbe_9 Estimated cash payments for: Season football tickets $fill in the blank 9231e8019fd4fbe_10 Additional entertainment fill in the blank 9231e8019fd4fbe_11 $fill in the blank 9231e8019fd4fbe_12 $fill in the blank 9231e8019fd4fbe_13 $fill in the blank 9231e8019fd4fbe_14 Tuition fill in the blank 9231e8019fd4fbe_15 Rent fill in the blank 9231e8019fd4fbe_16 fill in the blank 9231e8019fd4fbe_17 fill in the blank 9231e8019fd4fbe_18 fill in the blank 9231e8019fd4fbe_19 Food fill in the blank 9231e8019fd4fbe_20 fill in the blank 9231e8019fd4fbe_21 fill in the blank 9231e8019fd4fbe_22 fill in the blank 9231e8019fd4fbe_23 Deposit fill in the blank 9231e8019fd4fbe_24 Total cash payments $fill in the blank 9231e8019fd4fbe_25 $fill in the blank 9231e8019fd4fbe_26 $fill in the blank 9231e8019fd4fbe_27 $fill in the blank 9231e8019fd4fbe_28

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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Cash balance, September 1 (from a summer job)	$7,380
Purchase season football tickets in September	100
Additional entertainment for each month	260
Pay fall semester tuition in September	4,000
Pay rent at the beginning of each month	360
Pay for food each month	200
Pay apartment deposit on September 2 (to be returned December 15)	500
Part-time job earnings each month (net of taxes)	920

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.

KATHERINE MALLOY
Cash Budget
For the Four Months Ending December 31
	September	October	November	December
Estimated cash receipts from:
Part-time job	$fill in the blank 9231e8019fd4fbe_1	$fill in the blank 9231e8019fd4fbe_2	$fill in the blank 9231e8019fd4fbe_3	$fill in the blank 9231e8019fd4fbe_4
Deposit				fill in the blank 9231e8019fd4fbe_5
Total cash receipts	$fill in the blank 9231e8019fd4fbe_6	$fill in the blank 9231e8019fd4fbe_7	$fill in the blank 9231e8019fd4fbe_8	$fill in the blank 9231e8019fd4fbe_9
Estimated cash payments for:
Season football tickets	$fill in the blank 9231e8019fd4fbe_10
Additional entertainment	fill in the blank 9231e8019fd4fbe_11	$fill in the blank 9231e8019fd4fbe_12	$fill in the blank 9231e8019fd4fbe_13	$fill in the blank 9231e8019fd4fbe_14
Tuition	fill in the blank 9231e8019fd4fbe_15
Rent	fill in the blank 9231e8019fd4fbe_16	fill in the blank 9231e8019fd4fbe_17	fill in the blank 9231e8019fd4fbe_18	fill in the blank 9231e8019fd4fbe_19
Food	fill in the blank 9231e8019fd4fbe_20	fill in the blank 9231e8019fd4fbe_21	fill in the blank 9231e8019fd4fbe_22	fill in the blank 9231e8019fd4fbe_23
Deposit	fill in the blank 9231e8019fd4fbe_24
Total cash payments	$fill in the blank 9231e8019fd4fbe_25	$fill in the blank 9231e8019fd4fbe_26	$fill in the blank 9231e8019fd4fbe_27	$fill in the blank 9231e8019fd4fbe_28
Overall cash increase (decrease)	$fill in the blank 9231e8019fd4fbe_29	$fill in the blank 9231e8019fd4fbe_30	$fill in the blank 9231e8019fd4fbe_31	$fill in the blank 9231e8019fd4fbe_32
Cash balance at beginning of month	fill in the blank 9231e8019fd4fbe_33	fill in the blank 9231e8019fd4fbe_34	fill in the blank 9231e8019fd4fbe_35	fill in the blank 9231e8019fd4fbe_36
Cash balance at end of month	$fill in the blank 9231e8019fd4fbe_37	$fill in the blank 9231e8019fd4fbe_38	$fill in the blank 9231e8019fd4fbe_39	$fill in the blank 9231e8019fd4fbe_40

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

c. Malloy can see that her present plan sufficient cash. If Malloy did not budget but went ahead with the original plan, she would be $fill in the blank 9dc864f5905dff0_3 at the end of December, with no time left to adjust.

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Deposit
1. PE.22.01A
Total cash receipts
2. PE.22.02A
Estimated cash payments for:
Season football tickets
3. PE.22.03A
Additional entertainment
4. PE.22.04A
Tuition
Rent
5. PE.22.05A
Food
6. PE.22.06A
Deposit
Total cash payments
$
$
7. EX.22.01.ALGO
Overall cash increase (decrease)
$4
8. EX.22.19.ALGO
く
Cash balance at beginning of month
Cash balance at end of month
b. Are the four monthly budgets that are presented prepared as static budgets or flexible budgets?
c. Malloy can see that her present plan
sufficient cash. If Malloy did not budget but went ahead with the original
plan, she would be $
at the end of December, with no time left to adjust.
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At the beginning of the school year, Katherine Malloy decided to prepare a cash budget for the months of September, October, November,
1. PE.22.01A
and December. The budget must plan for 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:
2. PE.22.02A
Cash balance, September 1 (from a summer job)
$7,380
3. PE.22.03A
Purchase season football tickets in September
100
Additional entertainment for each month
260
4. PE.22.04A
Pay fall semester tuition in September
4,000
5. PE.22.05A
Pay rent at the beginning of each month
360
Pay for food each month
200
6. PE.22.06A
Pay apartment deposit on September 2 (to be returned December 15)
500
Part-time job earnings each month (net of taxes)
920
7. EX.22.01.ALGO
a. Prepare a cash budget for September, October, November, and December. Enter all amounts as positive values except an overall cash
8. EX.22.19.ALGO
decrease which should be indicated with a minus sign.
ΚΑΤΗERINE MALLOY
Cash Budget
For the Four Months Ending December 31
September
October
November
December
Estimated cash receipts from:
Part-time job
%$4
$
Deposit
Total cash receipts
Estimated cash navments for:
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Definition Definition Estimate of an organization's cash flow for a future period. A cash budget forecasts future cash receipts and payments from various sources for a fiscal year. A cash budget can be created once a month or once a week to determine the organization's cash position and ensure its performance in relation to the budget. It aids in determining whether the company has enough cash and cash equivalents to meet its operational needs in the future.

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Cash budget: This budget shows the estimation of the cash to be received and to be paid during the particular period

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