Question: Set up a Cash Flow Statement from the information below to determine Net Cash Flow: Cash in the bank 5 , 0 0 0 ;

Set up a Cash Flow Statement from the information below to determine Net Cash Flow:
Cash in the bank 5,000; total credit card balance 10; gross wages 72,000; retirement account 150,000; car loan balance 12,000; payroll deductions 12,000; market value of 2020 Honda Accord 20,000; boat loan balance 5,000; house interest annualized 5,000; market value of a ski boat 10,000; food expense annualized 6,000; clothing expense annualized 2,000; cell phone expense annualized 1,800; internet and cable expense annualized 1,800; mortgage balance 100,000; entertainment and travel expense 3,000; credit card interest 1,500; car loan interest 6,00; market value of home 250,000; boat loan interest 500; annual payment on credit cards 3,000; annual payment on car 4,800; annual payment on boat 3,000; annual mortgage payment 18,000.
What is the amount of Net Cash Flow?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

DeWalden Resources Inc. plans to issue $30,000,000 of 10-year debt in September, and the chief financial officer is concerned that interest rates will rise over the next 6 months until the debt is...

Q:

Set up a Cash Flow Statement from the information below to determine Net Cash Flow: Cash in the bank 5,000; total credit card balance 10,000; gross wages 72,000; retirement account 150,000; car loan...

Q:

WITHOUT USING CHATGPT Using the data below prepare a balance sheet and cash flow statement. Determine the total asset, total liabilities, net worth, total cash inflow, total cash outflow and the net...

Q:

Using the data below prepare a balance sheet and cash flow statement. Determine the total asset, total liabilities, net worth, total cash inflow, total cash outflow and the net cash flow Rent for the...

Q:

Using the data below make balance sheet and cash flow statement. Determine the total asset, total liabilities, net worth, total cash inflow, total cash outflow and the net cash flow Rent for the...

Q:

Hello, This is my sample mid sem exam I have in two days and I am so lost :( UTS BUSINESS SCHOOL - ACCOUNTING UNIVERSITY OF TECHNOLOGY SYDNEY 22107 ACCOUNTING FOR BUSINESS DECISIONS A AUTUMN SESSION...

Q:

Hello, This is my sample mid sem exam I have in two days and I am so lost :( UTS BUSINESS SCHOOL - ACCOUNTING UNIVERSITY OF TECHNOLOGY SYDNEY 22107 ACCOUNTING FOR BUSINESS DECISIONS A AUTUMN SESSION...

Q:

Hello, This is my sample mid sem exam I have in two days and I am so lost :( UTS BUSINESS SCHOOL - ACCOUNTING UNIVERSITY OF TECHNOLOGY SYDNEY 22107 ACCOUNTING FOR BUSINESS DECISIONS A AUTUMN SESSION...

Q:

I filled in portions of what I thought could be right, not too sure though. please help, thank you. Saved Jamie Lee Jackson, age 24, now a busy full-time college student and part-time bakery clerk,...

Q:

Analyze Jakes cash flow statement. Calculate his net worth, asset to debt ratio, investment assets to total assets ratio, liquidity ratio, and debt service to income ratio. Are these ratios in an...

Q:

Son 15210) FINANCIAL PLANNING PROBLEMS 1032 LO12 1. Determining Liquid Assets and Current Liabilities. Based on these items, what is the total of the ) liquid assets and (b) current linbilities?...

Q:

After completing its capital spending for the year, Carlson Manufacturing has $1,000 extra cash. Carlsons managers must choose between investing the cash in Treasury bonds that yield 3.5 percent or...

Q:

Use the following information to answer the question below. Forward Venture Company, which uses a standard cost system, budgeted $500,000 of fixed overhead when 40,000 machine hours were anticipated....

Q:

In question 6 in the in - class portion of this exam, you should have found that the equationyax + xInx - Iny - 1 ) dy = 0 was homogeneous of degree 1 . Solve the initial value problem with y ( 1 ) =...

Q:

9. (15 points) A company is considering a new project that requires an investment of \$5 million. The project is expected to generate cash flows of $2 million in year 1,$3 million in year 2, and $4...

Q:

Words and phrases can have connotative meanings not only in business communication but also in classroom communication. For each item in the following list, identify what a teacher might mean when he...

Q:

Global. Select a culture other than your own. Gather information on that cultures values, attitudes, biases, and viewpoints. As your instructor directs, interview a student or faculty member from...

Q:

Prepare a one- to two-minute oral presentation in which you explain the senders and receivers roles in the communication process. As your instructor directs, deliver your presentation to another...