The expenses and income of an individual are given in table form to the right. Find the net monthly cash flow (it may be negative or positive). Assume that amounts shown for salaries and wages are after taxes and that1 month=4 weeks. IncomeExpensesPart-time job: $1300/monthRent: $550/monthStudent loans: $6000/yearGroceries: $60/weekScholarship: $8500/yearTuition and fees: $7500/year Health insurance: $55/month Entertainment: $300/month Phone: $45/month

Net Cash flows alludes to the contrast between the cash Inflows and cash outflows, So, the pay is…

Answered: The expenses and income of an…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The expenses and income of an individual are given in table form to the right. Find the net monthly cash flow (it may be negative or positive). Assume that amounts shown for salaries and wages are after taxes and that 1 month=4 weeks.		Income	Expenses
Part-time job: $1300/month	Rent: $550/month
Student loans: $6000/year	Groceries: $60/week
Scholarship: $8500/year	Tuition and fees: $7500/year
	Health insurance: $55/month
	Entertainment: $300/month
	Phone: $45/month

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