It is typical for Tara to plan, monitor, and assess her financial position using cash flows over a given period, typically a month. Tara has a savings account, and her bank loans money at 6 percent per year while it offers short-term investment rates of 5 percent. Tara's cash flows during August were as follows:

a. Determine Tara'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 to Tara?
d. If there is a surplus, what would be a prudent strategy for her to follow?

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Item Cash inflovw Cash outflow Clothes Interest received Dining out Groceries Salary Auto payment Utilities Mortgage US$1,000 US$ 450 500 800 4,500 355 280 1,200