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

Question

Question

The expenses and income of an individual are given in table form to the right. Find T the net monthly cash flow (it could be

Income Expenses Part-time job: $800 / month College fund from grandparents: $500 / month Scholarship: $6600 / year Rent: $500

business accounting

Add a comment Improve this question Transcribed image text

Answer 1

✔ Recommended Answer

Answer #1

Income	Per month
Part time job	800
College fund from grandparents	500
Scholarships(6600/12)	550
Total Income(A)		1850

Expenses
Rent	500
Groceries(70 x 4)	280
Tuition fees [( 2400 x 2)/12]	400
Incidentals(130 x 4)	520
Total Expenses(B)		1700

Net Monthly Cash Flow(A-B)		150

If you find this answer correct please give it a thumbs up!

Add a comment

Answer 2

Similar Homework Help Questions

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

The expenses and income of an individual are given in table form to the right. Find the net monthly cash flow (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 equals 4 weeks1 month=4 weeks.
The table to the right shows expenses and income for an individual. Find the net monthly...

The table to the right shows expenses and income for an individual. Find the net monthly cash flow (it could be negative or positive). Assume that salaries and wages are after taxes, and assume 1 month equals 4 weeks nbsp nbsp Income Expenses Salary: $ 2600 month Rent: $ 1090month Groceries: $ 90/week Utilities: $ 100 month Health insurance: $450 semiannually Car insurance: $520 semiannually Gasoline: $ 50 week Miscellaneous: $ 440 month Phone:...
The table to the right shows expenses and income for an individual. Find the net monthly cash flow (it could be negative or positive). Assume that salaries and wages are after taxes, ncome and assume...

The table to the right shows expenses and income for an individual. Find the net monthly cash flow (it could be negative or positive). Assume that salaries and wages are after taxes, ncome and assume 1 month 4 weeks Expenses month Rent ary Grocenes: $100/week Utilties: $115 month Health insurance: S380 semiannually Car insurance: $440 semiannually Gasoline. $40/week Miscelaneous: $430/month Phone: $90/month The net monthly cash flow is Round to the neerest doller as needed.) The table to the right...

Given an income and expense scenario, determine net cash flow . You will be provided with...

Given an income and expense scenario, determine net cash flow . You will be provided with a table of income and expense values, and will find the monthly net cash flow. Recompute that cash flow with a lottery win of a specified amount. The following table shows income and expenses for Bobby. Income Expense $2400 per month Rent per month: $ 850 Dining per week: $ 45 Groceries per month: $ 350 Automobile per year: $ 1,800 Cell phone per...
Kenneth Allen has collected the following information in order to develop a budget for his sophomore...

Kenneth Allen has collected the following information in order to develop a budget for his sophomore year of college. He has a football scholarship that covers his meals, tuition, fees, and books. He estimates that his monthly income from all sources is $1,160. His monthly expenses are as follows: one-fourth of rent and utilities for an apartment shared with three friends, $453; auto expenses and insurance, $297; cell phone, $28; health insurance, $48; and entertainment, $153. (a) Your answer is...
Ledio and Isabel Greene 5.Ledio and Isabel Greene have the following assets, liabilities, income, and expenses....

Ledio and Isabel Greene 5.Ledio and Isabel Greene have the following assets, liabilities, income, and expenses. Use this information to answer the questions that follow: •Yearly income: $99,000 •Value of home: $190,000 •Value of cars: $32,000 •Monetary Assets: $30,000 •Mortgage on house: $150,000 with twenty-four years remaining on the loans •Auto loans: $14,000 with three years remaining on the loans •Student loans: $92,000 with five years remaining on the loans •Mortgage payment: $1,200 •Utilities: $500 •Car payments: $550 •Groceries: $900...

. me following transactions occurred during the fiscal year ended June 30, 20X3: Received a gift...

. me following transactions occurred during the fiscal year ended June 30, 20X3: Received a gift of $100,000 on July 7, 20X2, from an alumnus who stipulated that half the gift be restricted to purchase books for the university library and the remainder be used to establish an endowed scholarship fund. The alumnus further requested that the income generated by the scholarship fund be used annually to award a scholarship to a qualified disadvantaged student. On July 20, 20X2, the...
The monthly income from a piece of commercial property is $1,200. Annual expenses are $3,000 for...

The monthly income from a piece of commercial property is $1,200. Annual expenses are $3,000 for upkeep of the property and $1,000 for property taxes. The property is surrounded by a security fence that cost $4,000 to install four years ago. Assume 52 weeks in a year and end-of-year cash flows. a. If i = 12% per year (the MARR) is an acceptable interest rate, how much could you afford to pay now for this property if it is estimated...
3% Latisha is graduating from Queens College next semester and she just landed a job at...

3% Latisha is graduating from Queens College next semester and she just landed a job at a hospital as a compliance manager. She is excited at the prospect of this new opportunity. She would like to get more organized financially because she believes her new salary will now allow her to move into her own place. She talks to her friend, Brad, who sends her his monthly budget. It is a good place to start. Rent in the Bronx, however,...

Angela's monthly disposable income is $1 comma 973 . She has monthly expenses of $1 comma...

Angela's monthly disposable income is $1 comma 973 . She has monthly expenses of $1 comma 755 (including recreational expenses of $241 ) and net cash flow of $218 per month. Angela makes a budget based on her personal cash flow statement. In two months, she must pay $276 for tags and taxes on her car. As a result, Angela can expect to save $ 2 comma 340 in the next 12 months. Angela analyzes her personal budget and decides...

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

Homework Answers