User Account

All Pages

Prepare a cash budget for september

Assignment Help Accounting Basics
Reference no: EM132156908

Question - Personal Budget

At the beginning of the school year, Priscilla Wescott 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) $6,510

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 130

Pay apartment deposit on September 2 (to be returned December 15) 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 positive values except cash decrease which should be indicated with a minus sign.

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

c. What are the budget implications for Priscilla Wescott?

Reference no: EM132156908

Questions Cloud

What are the price charged : The market demand for recorder is given by: P = 260 - 5Q
Explain the goals of sentencing : Understand the concept of proportionality in sentencing and describe how the Supreme Court has applied this concept in its review of sentencing cases.
Explain how that type of offense is officially recorded : Select a current event that has recently been in the news regarding a criminal case dealing with inappropriate sexual behavior in the workplace.
Identify whether the behavior is ethical or unethical : Examples of cause corruption include falsifying reports, planting or the fabrication of evidence, and/or exceeding or abusing lawful authority.
Prepare a cash budget for september : Prepare a cash budget for September, October, November, and December. What are the budget implications for Priscilla Wescott
Discuss the fourth amendment paradox that may exist : Discuss the Fourth Amendment paradox that may exist in evaluating the effectiveness of the stop and frisk efforts within the New York City Police.
Which treatment methods would you use and why : Would your answer depend on the number of training schools operating in your state?
Discuss self-defense as a defense to crime : Discuss self-defense as a defense to crime. Discuss the laws behind self-defense, and the objective circumstances that justify self-defense.
What was the monthly loan payment : Jerry bought a house for $500,000 and made a $100,000 down payment. He obtained a 30-year loan for the remaining amount. Payments were made monthly.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the balance in the work in process account

Transferred $157,600 of work in process to finished goods. Purchased $58,600 of materials. What is the balance in the Work in Process account at end of January

  This would result in a loss of 200 this would result in

xyz company has the following product costs for its line of product a direct materials 10 direct labor 8 variable

  What is the present value on january one

What is the present value on January 1, 2016, of $40,000 due on January 1, 2020, and discounted at 11% compounded semiannually?

  Determine the manufacturing costs incurred

Using the information below for Talking Toys, Inc., determine the manufacturing costs incurred during the year

  Suppose the speedy boat requires 2500 machine hours 97

lakeside inc. manufactures four lines of remote control boats and uses activity-based costing to calculate product

  How would you paraphrase the definition of equilibrium price

How would you paraphrase the definition of equilibrium price?Equilibrium price occurs when supply and demand quantities meet.Equilibrium price occurs when price and demand are consistent.Equilibrium price is established when buyers' and sellers' pric..

  Calculate the manufacturing cost markup

Davis Company has estimated the following costs for this year for 240,000 units: Calculate the manufacturing cost markup needed to obtain a target profit

  Glendale corporation uses and activity based costing system

glendale corporation uses and activity based costing system with three activity cost pools. the company has provided

  Assurance on the client claims

You read about how evidence is the heart of the audit. Auditors base their opinions on the quality of evidence to confirm what the client states to be true. If evidence was weak or incomplete, it is hard for auditors to gain assurance on the clien..

  Prepare journal entries including adjustment from the date

Prepare journal entries including adjustment from the date of loan up to date of maturity

  What was the amount of the revised estimated total project

What was the amount of the revised estimated total project construction costs at the end of 2015?

  Record the purhase of the new computer sytem

Record the purhase of the new computer sytem. It was purchased at Computer World for $6,500.00 including sales tax.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd