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At the beginning of the school year, Sheldon Allman decided to prepare a cash budget for the months of September, October, November, and December. The following information relates to the budget.
*Cash balance, September1 $4100*purchase season football tickets in September $200 *additional entrainment for each month $150 *pay semester tuition on September 3 $3000 *pay rent at the beginning of each month $450 *pay for food each month $250 *pay apartment deposit on September2 (to be returned December 15) $300 *part-time job earnings each month $600.
1. prepare a cash budget for September, october, november, and december.
2. are the budgets prepared as static budgets or flexible budgets?
3. what are the budget implications for Sheldon Allman?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9415752

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