Question

budgets and balance sheets: your personal financial statements activity #1: personal cash flow statement personal cash flow statement cash inflows disposable income from job (after tax) allowance special event monies (birthday money, graduation money, etc.) other total cash inflows cash outflows car payment car expenses (insurance, maintenance, and gas) cell phone food (eating out and at home) clothing entertainment (movies, dates, etc.) extra (makeup, hair products, etc.) other total cash outflows net cash flow instructions: 1. determine your cash inflow for last week. this could be from a job you have, from an allowance, or from any other source. put this under the first column of cash inflows. 2. think about what you spent last week. look at the different titles under cash outflows. put the totals for each outflow that you have under the first column of cash outflows.

Explanation:

Step1: Identify cash - inflow sources

Sum disposable income from job, allowance, special event monies and other for last week. Let \(I_1\) be disposable income, \(I_2\) be allowance, \(I_3\) be special event monies and \(I_4\) be other inflows. Total cash inflows \(T_{in}=I_1 + I_2+I_3 + I_4\).

Step2: Identify cash - outflow categories

Sum car payment, car expenses, cell phone, food, clothing, entertainment, extra and other for last week. Let \(O_1\) be car payment, \(O_2\) be car expenses, \(O_3\) be cell - phone cost, \(O_4\) be food cost, \(O_5\) be clothing cost, \(O_6\) be entertainment cost, \(O_7\) be extra cost and \(O_8\) be other outflows. Total cash outflows \(T_{out}=O_1 + O_2+O_3 + O_4+O_5 + O_6+O_7 + O_8\).

Step3: Calculate net cash flow

Net cash flow \(NCF=T_{in}-T_{out}\).

Answer:

To get the actual values for last week, sum the relevant actual - amount entries for cash inflows and outflows as described above, then subtract total cash outflows from total cash inflows to find the net cash flow. Since no actual amounts are given in the problem, the general calculation steps are provided.