Determine jane total cash inflows and cash outflows

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Reference no: EM131134376

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:

Item Cash flow	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?

Reference no: EM131134376

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