Jeff has a $1000 salary and a $100 dividend income this month. This month Jeff has rent and utilities of $600 and he spent $200 on groceries and $100 on clothing. What is his net cash flow this month?

Question

Quizplus · Accepted Answer

Net cash flow is calculated by subtracting total expenses from total income.

Total income = $1000 (salary) + $100 (dividend income) = $1100

Total expenses = $600 (rent and utilities) + $200 (groceries) + $100 (clothing) = $900

Net cash flow = Total income - Total expenses = $1100 - $900 = $200

Therefore, the correct answer is C) $200.

Jeff Has a $1000 Salary and a $100 Dividend Income