Answered

Kendra is working on her financial plan and lists all of her income and expenses in the spreadsheet below.

\begin{tabular}{|c|c|c|}
\hline
& [tex]$A$[/tex] & B \\
\hline
1 & Net pay & [tex]$\$[/tex] 2,300.0[tex]$ \\
\hline
2 & Interest earned on savings & $[/tex]\[tex]$ 20.0$[/tex] \\
\hline
3 & Mortgage & [tex]$\$[/tex] 800.0[tex]$ \\
\hline
4 & Homeowner's Association fee & $[/tex]\[tex]$ 120.0$[/tex] \\
\hline
5 & Electric & [tex]$\$[/tex] 90.0[tex]$ \\
\hline
6 & Water/Sewer & $[/tex]\[tex]$ 45.0$[/tex] \\
\hline
7 & Cable/Internet & [tex]$\$[/tex] 95.0[tex]$ \\
\hline
8 & Cell phone & $[/tex]\[tex]$ 80.0$[/tex] \\
\hline
9 & Insurance & [tex]$\$[/tex] 275.0[tex]$ \\
\hline
10 & Groceries & $[/tex]\[tex]$ 520.0$[/tex] \\
\hline
\end{tabular}

What is Kendra's net cash flow?

A. [tex]$\$[/tex] 295[tex]$
B. $[/tex]\[tex]$ 285$[/tex]
C. [tex]$\$[/tex] 275[tex]$
D. $[/tex]\[tex]$ 255$[/tex]



Answer :

To determine Kendra's net cash flow, let's first calculate her total income and total expenses.

### Step 1: Calculate Total Income
Kendra has two sources of income listed:
1. Net pay: \[tex]$2,300.0 2. Interest earned on savings: \$[/tex]20.0

We sum these to find the total income:
[tex]\[ \text{Total Income} = \$2,300.0 + \$20.0 = \$2,320.0 \][/tex]

### Step 2: Calculate Total Expenses
Kendra has various expenses listed. Let's add them up:
1. Mortgage: \[tex]$800.0 2. Homeowner's Association fee: \$[/tex]120.0
3. Electric: \[tex]$90.0 4. Water/Sewer: \$[/tex]45.0
5. Cable/Internet: \[tex]$95.0 6. Cell phone: \$[/tex]80.0
7. Insurance: \[tex]$275.0 8. Groceries: \$[/tex]520.0

Adding these expenses gives us the total expenses:
[tex]\[ \text{Total Expenses} = \$800.0 + \$120.0 + \$90.0 + \$45.0 + \$95.0 + \$80.0 + \$275.0 + \$520.0 = \$2,025.0 \][/tex]

### Step 3: Calculate Net Cash Flow
Finally, we find the net cash flow by subtracting the total expenses from the total income:
[tex]\[ \text{Net Cash Flow} = \text{Total Income} - \text{Total Expenses} \][/tex]
[tex]\[ \text{Net Cash Flow} = \$2,320.0 - \$2,025.0 = \$295.0 \][/tex]

So, Kendra's net cash flow is \[tex]$295. The correct answer is: a. \$[/tex]295