Jim has $1,000 of salary and $100 of dividend income this month. This month he also has rent and utilities of $300 and he spent $200 on groceries and $100 on clothing. What is Jim's net cash flow this month?

Question

Quizplus · Accepted Answer

Jim's net cash flow is calculated by subtracting his total expenses from his total income. His total income is $1,000 (salary) + $100 (dividend) = $1,100. His total expenses are $300 (rent and utilities) + $200 (groceries) + $100 (clothing) = $600. Therefore, his net cash flow is $1,100 - $600 = $500.

Jim Has $1,000 of Salary and $100 of Dividend Income