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f the Nielson family had a monthly budget set up which showed their monthly expenses of...

f the Nielson family had a monthly budget set up which showed their monthly expenses of $3,016, their monthly state and federal taxes of $724, a monthly contribution to their savings plan of $390, and a monthly income of $4,317, what would have been their monthly cash flow?

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Expert Solution

Nielon's Family
Statement of Cash Flow
$
Cash inflows;
Monthly income                 4,317.00
Cash Outflows;
Monthly expenses                 3,016.00
State and Federal taxes payment                    724.00
Contribution to savings plan                    390.00
Total cash outlows                 4,130.00
Net cash flow ( $ 4,317 - $ 4,130 )                    187.00

ekkarill92 answered 1 year ago
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