The expenses and income of an individualare given in table form to the right. Find thenet monthly cash flow (it could be positiveor negative). Assume salaries and wagesare after taxes. When you need to convertbetween weeks and months, assume that1 month = 4 weeks.IncomePart-time job: $800/monthCollege fund from grandparents:$350/monthScholarship: $6600/yearThe net monthly cash flow is $ (Round to the nearest dollar as needed.)ExpensesRent: $500/monthGroceries: $50/weekTuition and fees: $3600 twice ayearIncidentals: $90/week

Net cash flow: It implies to the sum total of all the estimated cash inflows and outflows adjusted…

Answered: The expenses and income of an…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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K The expenses and income of an individual are given in table form to the right. Find the net monthly cash flow (it could be positive or negative). Assume salaries and wages are after taxes. When you need to convert between weeks and months, assume that 1 month= 4 weeks. Income Part-time job: $600/month College fund from grandparents: $400/month Scholarship: $5400/year HE Expenses Rent: $400/month Groceries: $70/week Tuition and fees: $3000 twice a year Incidentals: $100/week The net monthly cash flow is $. (Round to the nearest dollar as needed.)
K The table to the right shows expenses and income for an individual. Find the net monthly Income cash flow (it could be negative or positive) Assume that salaries and wages are Salary: $2800/month after taxes, and assume 1 month 4 weeks The net monthly cash flow is $ (Round to the nearest dollar as needed.) A Expenses Rent $1190/month Groceries: $100/week Utilities: $120/month Health insurance $330 semiannually Car insurance $560 semiannually Gasoline: $30/week Miscellaneous $420/month Phone $100/month
An individual has monthly expenses of $1,800 for rent and $1,000 for groceries, transportation, and other necessary expenses. Which average return should the individual expect to match 25% of yearly expenses on a $100,000 investment?
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 Part-time job: $1100/month Student loans: $7800/year Scholarship: $7000/year The net monthly cash flow is $ (Round to the nearest dollar as needed.) ... Expenses Rent: $400/month Groceries: $40/week Tuition and fees: $6500/year Health insurance: $25/month Entertainment: $150/month Phone: $55/month
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Direction: Solve the following problems and show your complete solution. 1. Aina, who works in an accounting firm, earns a monthly salary of P35,000 per month and also receives P3,500 for a monthly allowance. Her monthly contributions are as follows: P1,466 for income tax, P300 for PhilHealth, P800 for SSS, and P100 for Pag-IBIG. Find her gross and net income for this month. salary of basic salary of P3 2. Cathy, a police officer, gets a basic P39,000 a month, monthly allowance of P2,000 and a hazard pay of P2,500. Find her annual gross income.
A woman went to the Beneficial Loan Company and borrowed S10,000. She must pay S323.53 At the end of each month for the next 60 months. A. What is the Monthly Interest rate she is paying? What is the Nominal Interest rate? С. What is the Effective Interest rate? Make your cash flow diagram and solve. B.
Direction: Solve the following problems and show your complete solution. 1. Mr. Gonzaga earned an annual income of 450,000, what is the a. Weekly salary? b. Biweekly salary? c. Semi-monthly salary? d. Monthly salary? CHARACTER SER 2. Ms. Lui earned an annual income of 775,000, what is the a. Weekly salary? b. Biweekly salary? mual income of 775,000. c. Semi-monthly salary? d. Monthly salary? UNI
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