Question

a,b,c,d,

M Gmail Yo ACFI 385 002 Fall 2020 Mark Boulanger & ! 09/15/20 6:13 PM Save O Homework: Graded Problem Set 3 Score: 0 of 15 pts 2 of 3 (0 complete) HW Score: 0%, 0 of 61 pts ab Finand P1-3 (similar to) Question Help Menu Cash flows it is typical for Jane to plan, monitor, and assess her financial position using cash flows over a given period, typically a month Jane has a savings ments account and her bank loans money at 6% per year while it offers short-term investment rates of 5% Jane's cash flows during August were as follows: (Click on the loon located on the top right corner of the data table in order to copy its contents into a spreadsheet) mework a. Determine Jane's total cash inflows and cash outflows b. Determine the net cash flow for the month of August Х Data Table Quiz/Test C. If there is a shortage, what are a few options open to Jane? d. If there is a surplus, what would be a prudent strategy for her to folld a. Jane's total cash inflows are $(Round to the nearest dollar) Item Cash inflow Cash outflow Clothes $1,200 Interest received $450 Dining out $550 Groceries 5810 Salary $4.500 Auto payment $343 Utis 5260 Mortgage $1.140 Gas 5238 Enter your answer in the answer box and then click Check Answer Prim Done remaining 4 parts

Answer 1

(a.) Determine Cash inflows and outflows

Cash Inflows
Interest received	$450
Salary	$4,500
TOTAL CASH INFLOWS	$4,950

Cash Outflows
Clothes	$1,200
Dining out	$550
Groceries	$810
Auto Payment	$343
Utilities	$260
Mortgage	$1,140
Gas	$238
TOTAL CASH OUTFLOWS	$4,541

(b.) Determine Net Cash Flows

Net Cash Flows = Cash Inflows - Cash Outflows

= $4,950 - $4,541

= $409

(c.) In case of shortage, Jane can borrow money from bank at an interest rate of 6% per annum.

(d.) In case of surplus, Jane can invest in Short-term Investments, on which bank offers Interest at the rate of 5% per annum. (Here, Jane earned a surplus of $409).

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