Business, 18.02.2020 23:13 Pbaer3087

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 account and her bank loans money at 6 %6% per year while it offers short-term investment rates of 5 %5%. Jane's cash flows during August were as follows:
a. Determine Jane's total cash inflows and cash outflows.
b. Determine the net cash flow for the month of August.
c. If there is a shortage, what are a few options open toJane?
d. If there is a surplus, what would be a prudent strategy for her to follow?

Item Cash inflow Cash outflow

Clothes $1,100

Interest received $430

Dining out $460

Groceries $810

Salary $4,600

Auto payment $342

Utilities $290

Mortgage $1,130

Gas $208

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