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Cash flows   It is typical for Jane to​ plan, monitor, and assess her financial position

using cash flows over a given​ period, typically a month. Jane has a savings account and her bank loans money at 6 % per year while it offers​ short-term investment rates of 5 %. ​Jane's cash flows during August were as​ follows: LOADING...

. ​(Click on the icon located on the​ top-right corner of the data table in order to copy its contents into a​ spreadsheet.)

Item                                     Cash inflow        Cash outflow

Clothes                                                                $1,000

Interest received             $450                                      

Dining out                                                           $500

Groceries                                                            $800

Salary                                   $4,500                                  

Auto payment                                                    $355     

Utilities                                                                  $280

Mortgage                                                            $1,200

Gas                                                                        $222

a.  Determine​ Jane's total cash inflows and cash outflows.

b.  Determine the net cash flow for the month of August.

c.  If there is a​ shortage, what are a few options open to​ Jane?

d.  If there is a​ surplus, what would be a prudent strategy for her to​ follow?

a. ​ Jane's total cash inflows are ​$


.   ​(Round to the nearest​ dollar.)

Top Answer

a. Jane's total cash inflows and cash outflows will be : Total Outflows.................$4357 Total... View the full answer

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