kendra is working on her financial plan and lists all of her income and expenses in the spreadsheet…

kendra is working on her financial plan and lists all of her income and expenses in the spreadsheet below.\n| | a | b |\n|----|----|----|\n| 1 | net pay | $2,300.0 |\n| 2 | interest earned on savings | $20.0 |\n| 3 | mortgage | $800.0 |\n| 4 | homeowners association fee | $120.0 |\n| 5 | electric | $90.0 |\n| 6 | water/sewer | $45.0 |\n| 7 | cable/internet | $95.0 |\n| 8 | cell phone | $80.0 |\n| 9 | insurance | $275.0 |\n| 10 | groceries | $520.0 |\nwhat is kendras net cash flow?\n a. $295\n b. $285\n c. $275\n d. $255

kendra is working on her financial plan and lists all of her income and expenses in the spreadsheet below.\n| | a | b |\n|----|----|----|\n| 1 | net pay | $2,300.0 |\n| 2 | interest earned on savings | $20.0 |\n| 3 | mortgage | $800.0 |\n| 4 | homeowners association fee | $120.0 |\n| 5 | electric | $90.0 |\n| 6 | water/sewer | $45.0 |\n| 7 | cable/internet | $95.0 |\n| 8 | cell phone | $80.0 |\n| 9 | insurance | $275.0 |\n| 10 | groceries | $520.0 |\nwhat is kendras net cash flow?\n a. $295\n b. $285\n c. $275\n d. $255

Answer

Explanation:

Step1: Calculate total income

Total income = Net pay + Interest earned on savings = $2300 + 20=$2320$

Step2: Calculate total expenses

Total expenses = Mortgage + Homeowner's Association fee+Electric + Water/Sewer + Cable/Internet+Cell phone+Insurance+Groceries = $800 + 120+90 + 45+95+80+275+520=$2025$

Step3: Calculate net - cash flow

Net cash flow = Total income - Total expenses = $2320-2025=$295$

Answer:

A. $295