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Jane has a saving account, and her bank loans money at 6% per year while it offers short term investment rates of 5%. Janes cash flows during agust were as follows

Item Cash inflow 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

1.determine janes total cash inflows and outflows
2.determine net cashflow for the month of agust
3. If there is a shortage what are the few options for Jane
4.If there is a surplus, what would be the prudent strategy for her to follow

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M939763

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