master electronics company uses flexible budgets that are based on the following dat 647736

At the beginning of the 2008 school year, Monroe Baker 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)	$6,500
Purchase season football tickets in September	140
Additional entertainment for each month	225
Pay fall semester tuition on September 3	3,500
Pay rent at the beginning of each month	350
Pay for food each month	215
Pay apartment deposit on September 2 (to be returned Dec. 15)	600
Part time job earnings each month (net of taxes)	800

a. Prepare a cash budget for September, October, November, and December.

b. Are the budgets prepared as static budgets or flexible budgets?

c. What are the budget implications for Monroe Baker?