The expenses and income of an individual are given in table form to the right. I

Question

The expenses and income of an individual are given in table form to the right. Income Find the net monthly cash fow (it could be positive or negative). Assume salaries and wages are after taxes. When you need to convert between weeks and months, assume that 1 month= 4 weeks Part-time job: $800/month College fund from grandparents: $350/month Scholarship: $3600/year Expenses Rent: $550/month Groceries: $60/week Tuition and fees: $2400 twice a year Incidentals: $140/week The net monthly cash flow is S

Explanation / Answer

Inflow:
800 + 350 + (3600/12) = $1450 / month

Outflow:
550 + (60*4) + (2400/6) + (140*4) = $1750 / month

net monthly cash flow = 1450-1750 = -300 $

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