To find Kendra's net cash flow, we need to follow these steps:
1. Calculate total income:
- Net pay: [tex]\( \$2,300.0 \)[/tex]
- Interest earned on savings: [tex]\( \$20.0 \)[/tex]
- Total income = Net pay + Interest earned on savings
- Total income = [tex]\( \$2,300.0 + \$20.0 = \$2,320.0 \)[/tex]
2. Calculate total expenses:
- Mortgage: [tex]\( \$800.0 \)[/tex]
- Homeowner's Association fee: [tex]\( \$120.0 \)[/tex]
- Electric: [tex]\( \$90.0 \)[/tex]
- Water/Sewer: [tex]\( \$45.0 \)[/tex]
- Cable/Internet: [tex]\( \$95.0 \)[/tex]
- Cell phone: [tex]\( \$80.0 \)[/tex]
- Insurance: [tex]\( \$275.0 \)[/tex]
- Groceries: [tex]\( \$520.0 \)[/tex]
- Total expenses = Mortgage + Homeowner's Association fee + Electric + Water/Sewer + Cable/Internet + Cell phone + Insurance + Groceries
- Total expenses = [tex]\( \$800.0 + \$120.0 + \$90.0 + \$45.0 + \$95.0 + \$80.0 + \$275.0 + \$520.0 = \$2,025.0 \)[/tex]
3. Calculate net cash flow:
- Net cash flow = Total income - Total expenses
- Net cash flow = [tex]\( \$2,320.0 - \$2,025.0 = \$295.0 \)[/tex]
Therefore, Kendra's net cash flow is [tex]\(\$295\)[/tex].
The correct answer is:
a. \$295
