Questions: The table to the right shows expenses and income for an individual. Find the net monthly cash flow (it could be negative or positive). Assume that salaries and wages are after taxes, and assume 1 month = 4 weeks. Income Expenses Salary: 2500/month Rent: 1000/month Groceries: 120/week Utilities: 115/month Health insurance: 490 semiannually Car insurance: 500 semiannually Gasoline: 50 / week Miscellaneous: 480 / month Phone: 75 / month The net monthly cash flow is square square (Round to the nearest dollar as needed.)

The table to the right shows expenses and income for an individual. Find the net monthly cash flow (it could be negative or positive). Assume that salaries and wages are after taxes, and assume 1 month = 4 weeks. Income Expenses Salary: 2500/month Rent: 1000/month Groceries: 120/week Utilities: 115/month Health insurance: 490 semiannually Car insurance: 500 semiannually Gasoline: 50 / week Miscellaneous: 480 / month Phone: 75 / month The net monthly cash flow is square square (Round to the nearest dollar as needed.)
Transcript text: The table to the right shows expenses and income for an individual. Find the net monthly cash flow (it could be negative or positive). Assume that salaries and wages are after taxes, and assume 1 month = 4 weeks. \begin{tabular}{|c|c|} \hline Income & Expenses \\ \hline Salary: \$2500/month & \begin{tabular}{l} Rent: \$1000/month \\ Groceries: \$120/week \\ Utilities: \$115/month \\ Health insurance: $\$ 490$ semiannually \\ Car insurance: $\$ 500$ semiannually \\ Gasoline: $\$ 50 /$ week \\ Miscellaneous: $\$ 480 /$ month \\ Phone: $\$ 75 /$ month \end{tabular} \\ \hline \end{tabular} The net monthly cash flow is $\$ \square$ $\square$ (Round to the nearest dollar as needed.)
failed

Solution

failed
failed

Solution Steps

Step 1: Convert all income and expenses to their monthly equivalents
  • Weekly expenses are multiplied by 4 to convert to monthly equivalents.
  • Semiannual expenses are divided by 6, and annual expenses are divided by 12 to convert to monthly equivalents.
Step 2: Calculate total monthly income: $2500
Step 3: Calculate total monthly expenses: $2515
Step 4: Subtract total monthly expenses from total monthly income to find the net monthly cash flow.

Final Answer: The net monthly cash flow is $-15.

Was this solution helpful?
failed
Unhelpful
failed
Helpful

Questions asked by other users

failedAnswered
Multiple Choice 1 point Suppose total egg production of a colony of shrimp is given by E(m)=s(m) · g(m), where s(m) is the colony size (in shrimp) and g(m) the laying capacity (in eggs per shrimp), at year m. What are the units of dE/dm ? shrimp per colony eggs per shrimp per year eggs per shrimp per colony eggs per year shrimp per colony per year shrimp per year Clear my selection Multiple Choice 2 points Product Rule is a method for taking the derivative of which type of function? A product of two functions. A quotient of two functions. A trigonometric function. A composition of two functions. A hyperbolic function.
failedAnswered
8. Uma bola de neve de 1,50 kg é lançada de um penhasco de 12,5 m de altura. A velocidade inicial da bola de neve é 14,0 m / s, 41,0° acima da horizontal. (a) Qual é o trabalho realizado sobre a bola de neve pela força gravitacional durante o percurso até um terreno plano, abaixo do penhasco? (b) Qual é a variação da energia potencial do sistema bola de neve-Terra durante o percurso?
failedAnswered
What is the angle between vectors a and b if vector a has a magnitude of 4 and a direction of -30° and b has components <-2,-5>? Give your answer rounded to the nearest degree.
failedAnswered
Find the volume of the solid generated by revolving the shaded region about the y-axis The volume is cubic units. (Type an exact answer, using π as needed.)
failedAnswered
Choose the graph which corresponds to the interval x ≤ 3.