Redbird Corporation provides the following data: Cash inflows $50,000 Cash outflows $43,000 Net income $35,000 Depreciation dedu
1 answer:
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Answer:
40%
Explanation:
Given:
Net income of Victor Malaba = $ 1,240 per month
Amount spend on food = $150
Amount spend on a car payment = $244
Amount spend on rent = $300
Amount for savings = $50
Thus,
Total expenses = $ 150 + $ 244 + $ 300 + $ 50 = $ 744
the total amount left after the above expenses = Net income - The total expenses
or
The amount left = $ 1,240 - $ 744 = $ 496
Therefore, the percentage of net income that can he can spend on other things =
or
The percentage of net income that can he can spend on other things = 40%