Business, 23.04.2020 22:54 tank6492

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 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) $9,250
Purchase season football tickets in September 160
Additional entertainment for each month 250
Pay fall semester tuition in September 4,800
Pay rent at the beginning of each month 600
Pay for food each month 550
Pay apartment deposit on September 2 (to be returned December 15) 600
Part-time job earnings each month (net of taxes) 1,200

Prepare a cash budget for September, October, November, and December. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments.

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Personal Budget At the beginning of the school year, Craig Kovar decided to prepare a cash budget fo...

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