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?
Priscilla can see that her present plan
sufficient cash. If Priscilla did not budget but went ahead with the original plan, she would be $fill in the blank 5e96320affa1069_3
at the end of December, with no time left to adjust.
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Sometimes an item may be a decrease in one period and an increase in a different period.
Review the definitions of static budgets and flexible budgets.
What weaknesses are shown by this cash budget?
Learning Objective 2 and Learning Objective 5.
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