Answer :
Let's break down the solution step by step for the given spreadsheet:
1. Identify and Sum the Cash Inflows:
- Disposable income: [tex]$2,350 - Interest on deposits: $[/tex]0
- Income from investments: [tex]$0 - Total Cash Inflow: $[/tex]2,350
2. Identify and Sum the Cash Outflows:
- Rent: [tex]$800 - Utilities: $[/tex]235
- Cable and telephone: [tex]$125 - Groceries: $[/tex]400
- Car expenses: [tex]$320 - Recreation: $[/tex]175
- Insurance: [tex]$200 - Miscellaneous: $[/tex]80
- Total Cash Outflow: [tex]$2,335 3. Calculate the Net Cash Flow: - Net Cash Flow = Total Cash Inflows - Total Cash Outflows - Net Cash Flow = $[/tex]2,350 - [tex]$2,335 = $[/tex]15
Therefore, the financial plan presented in the given spreadsheet shows a net cash flow of $15. This is the solution to the question and represents the net amount of cash remaining after accounting for both inflows and outflows.
1. Identify and Sum the Cash Inflows:
- Disposable income: [tex]$2,350 - Interest on deposits: $[/tex]0
- Income from investments: [tex]$0 - Total Cash Inflow: $[/tex]2,350
2. Identify and Sum the Cash Outflows:
- Rent: [tex]$800 - Utilities: $[/tex]235
- Cable and telephone: [tex]$125 - Groceries: $[/tex]400
- Car expenses: [tex]$320 - Recreation: $[/tex]175
- Insurance: [tex]$200 - Miscellaneous: $[/tex]80
- Total Cash Outflow: [tex]$2,335 3. Calculate the Net Cash Flow: - Net Cash Flow = Total Cash Inflows - Total Cash Outflows - Net Cash Flow = $[/tex]2,350 - [tex]$2,335 = $[/tex]15
Therefore, the financial plan presented in the given spreadsheet shows a net cash flow of $15. This is the solution to the question and represents the net amount of cash remaining after accounting for both inflows and outflows.