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What is allisons net cash flow for the current month

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Personal finance 1st question 5th edition

Part A:

1. Allison expects her monthly cash inflow after taxes to be $3000. She also has the following monthly expenses: Rent, $750; student loan payment, $200; utilities, $150; food, $300; recreation, $600; car expenses, $200; clothing, $150. What is Allison's net cash flow for the current month?

2. Judy has cash inflows of $3,000 for the month of June. Her expenses or cash outflows were $4,000. List two options for Judy to meet her financial obligations in June and indicate the effect (increase or decrease) of these options on her assets and liabilities.

Part B: Describe how credit cards affect the following.

1. Your personal budget
2. Your income statement
3. Your balance sheet

Part C: Describe at least two advantages and two disadvantages of selling your home yourself instead of hiring a realtor.

 

 

Reference no: EM131452881

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