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) $7,140
Purchase season football tickets in September 100
Additional entertainment for each month 250
Pay fall semester tuition in September 3,900
Pay rent at the beginning of each month 350
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) 890

Required:
a. 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.
b. What are the budget implications for Craig Kovar?

Craig Kovar

Cash Budget

                                   Sept.               Oct.             Nov.             Dec.

Beginning balance    $7,140        $2,730         $2,820         $2,910

Loan                                                                                            400

Football tickets             -100

Entertainment             -250             -250             -250            -250

Fall Tuition               -3,900

Rent                            -350              -350             -350            -350

Food                           -200              -200             -200           -200

Apartment deposit    -500                                                        500

Earnings                      890               890               890            890

Spring Tuition                                                                        -3900

Ending balance     $2,730         $2,820           $2,910          $0

Explanation:

A cash budget is a financial management tool which an entity or individual uses to forecast the revenues and incomes and the expected expenditures for the future periods.

answerthe above statement is (true);

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best of luck,

the divergent