Question

Based on the spreadsheet below, which of the following is a true statement? A 2-column spreadsheet showing Cash Inflows and Cash Outflows. Cash inflows are Disposable income 1,600 dollars, interest on deposits 0 dollars, income from investments 0 dollars, with total cash inflow blank. Cash outflows are rent 575 dollars, utilities 120 dollars, cable and telephone 80 dollars, groceries 320 dollars, car expenses 150 dollars, recreation 80 dollars, insurance 115 dollars, miscellaneous 50 dollars, with total cash outflow blank. a. The net cash flow is negative. b. The net cash flow is zero. c. The net cash flow is positive. d. The net cash flow can’t be determined. Please select the best answer from the choices provided A B C D

Answer 1

The net cash flow which is the excess of inflows over outflows is $110, hence, the correct option is:

c. The net cash flow is positive

What are inflows and outflows?

The inflows are cash received by the individual which increase cash balance where cash outflows are expenses, which reduce the balance of cash.

Based on the above, the total  inflows of the individual is computed thus:

total inflows=disposable income+ interest on deposit +income from investment

total inflows=1600+0+0

total inflows=$1,600

Total outflows are as well summed as below:

total outflows=rent +utilities +cable and telephone +groceries+ car expenses+ recreation+ insurance + miscellaneous

total outflows=575+120+80+320+150+80+115+50

total outflows=$1,490

net cash flow=total inflows-total outflows

net cash flow=$1,600-$1,490

net cash flow=$110

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Answer 2

Answer:

C

Step-by-step explanation: