Lucky Louie has the following cash inflows and outflows: $500 rent, $200 car payment, $100 car repair, $100 discretionary purchases, $300 food, $150 electric bill, $3,500 monthly salary after deductions for tax, etc., $200 cell phone, $400 repayment of loan to dad, and $500 planned spending on weekend fun. What is Lucky's net cash flow?
A) $1,050
B) $200
C) $1,150
D) Not enough information regarding paycheck

Question

Quizplus · Accepted Answer

Lucky's net cash flow is $1,050. This is calculated by adding up all of his cash inflows ($3,500 + $500) and subtracting all of his cash outflows ($200 + $100 + $100 + $300 + $150 + $200 + $400 + $500).

Lucky Louie Has the Following Cash Inflows and Outflows: $500