To solve for the net monthly cash flow based on the given income and expenses, follow a detailed, step-by-step solution:
1. Identify Monthly Income:
- Salary: $2700 per month
2. Calculate Monthly Expenses:
- Rent: $1150 per month
- Groceries: $80 per week
- Since there are 4 weeks in a month: $80 \times 4 = 320 per month.
- Utilities: $105 per month
- Health Insurance: $350 semiannually
- Semiannual means 6 months, so monthly expense: $350 / 6 \approx 58.33 per month.
- Car Insurance: $440 semiannually
- Semiannual means 6 months, so monthly expense: $440 / 6 \approx 73.33 per month.
- Gasoline: $45 per week
- Since there are 4 weeks in a month: $45 \times 4 = 180 per month.
- Miscellaneous: $420 per month
- Phone: $75 per month
3. Sum Up All Monthly Expenses:
- Rent: $1150
- Groceries: $320
- Utilities: $105
- Health Insurance: $58.33
- Car Insurance: $73.33
- Gasoline: $180
- Miscellaneous: $420
- Phone: $75
Total Monthly Expenses: [tex]$1150 + $[/tex]320 + [tex]$105 + $[/tex]58.33 + [tex]$73.33 + $[/tex]180 + [tex]$420 + $[/tex]75 = 2381.6666666666665
4. Calculate Net Monthly Cash Flow:
- Income: $2700
- Total Expenses: $2381.6666666666665
Net Monthly Cash Flow: [tex]$2700 - $[/tex]2381.6666666666665 = 318.3333333333335
5. Round to the Nearest Dollar:
- Net Monthly Cash Flow: [tex]$318.3333333333335 ≈ $[/tex]318
Thus, the net monthly cash flow is $318.
