Question: Develop a cash flow diagram based on the following information: A university graduate has a monthly income of $2200, received at the end of
Develop a cash flow diagram based on the following information: A university graduate has a monthly income of $2200, received at the end of each month. Out of this the student pays for rent, food, entertainment, telephone charges, and a credit card for all other purchases. Rent is $700 per month (including utilities), due at the end of each month. Weekly food and entertainment expenses total roughly $120, a typical telephone bill is $40 (due at the end of the first week in the month), and credit card purchases average $300. Credit card purchases are due at the end of the second week of the month.
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