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 %6% per year while it offers short-term investment rates of 5 %5%. Jane's cash flows during August were as follows:
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 toJane?
d. If there is a surplus, what would be a prudent strategy for her to follow?
Item Cash inflow Cash outflow
Clothes $1,100
Interest received $430
Dining out $460
Groceries $810
Salary $4,600
Auto payment $342
Utilities $290
Mortgage $1,130
Gas $208
Answers: 3
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