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Determine the net cash flow for the month of August

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Reference no: EM132610136

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:

clothes - (Cash outflow) - 1400

interested received (Cash inflow) - 440

Dining out (Cash outflow) - 510

Grocery - (Cash outflow) - 830

salary - (Cash Inflow) - 4400

Auto Payment - 346 (Cash outflow)

Utilities (cash outflow)

Mortgage - 1320 (cash outflow)

Gas - 241 (cash outflow)

Question 1: Determine Jane's total cash inflows and cash outflows.

Question 2: Determine the net cash flow for the month of August.

Question 3: If there is a shortage, what are a few options open to Jane?

Question 4: If there is a surplus, what would be a prudent strategy for her to follow?

Reference no: EM132610136

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