Cash flows: It is typical for Jane to plan, monitor and assess her financial position using cash flow over a given period, typically a month. Jane has a savings account and her bank loans money a 6% per year while it offers short term investment rates of 5%. Jane's cash flows during August were as follows:
Item Cash inflow Cash outflow
Interest received $450
Dining out 500
Auto payment 355
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?
Recently Asked Questions
- In what ways was American slavery an eminently modern system? How is American capitalism a direct descendant American slavery?
- Give an example of an equivalence relation that is defined on a particular set. State what the set is and how the equivalence relation is defined. Show that
- I need help with the question below. It's for a finance course i need help with this question