Question: 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;

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 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 6,000; 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

★★★★★

3.39 Rating (165 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Cash Flow Statement Beginning Cash Balance 5000 Inflows Gross Wages ... View full answer

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!

Using a computer spreadsheet, set up a cash flow statement to capture the anticipated cash flow in the following case study scenario. Cash Flow Planning Exercise This exercise is an opportunity to...

In Chapter 11, we prepared a cash flow statement for Pure Water, Inc. Now, we will analyze Pure Waters financial statements using the tools we learned in this chapter. Following are the balance...

What information does a cash flow statement present?

A large set of unoccupied football bleachers has solid seats and risers. You stand on the field in front of the bleachers and fire a starters pistol or sharply clap two wooden boards together once....

Jan Lorange manages Poppa Rollos Pizza, Inc., which has prospered during its second year of operation. In order to help her decide whether to open another pizzeria, Lorange has prepared the current...

The Ray Griffith Company, Inc. (RGC) began in the 1950s in Columbia, Mississippi, when Ray Griffith purchased the rights to a patent to manufacture a pecan picker. In 1992, RGC was devised to Ray's...

On June 1, 2014, Natalie becomes both a shareholder and chief administrator of operations of Koebel's Family Bakery Ltd. Aft er much discussion with her parents, Janet and Brian, Natalie decides not...

An earthquake on the ocean floor in the Gulf of Alaska produces a tsunami (sometimes incorrectly called a tidal wave) that reaches Hilo, Hawaii, 4 450 km away, in a time interval of 9 h 30 min....

Calculate tHo for the reaction NaCl (aq) + AgN03 (aq) AgCI(s) + NaN03 (aq) from the information in Table 2.7 in the Data section.

a. Calculate the centroids for each group in the analysis sample. What do these values indicate? b. Use the regression approach to two-group DA to develop a rule for predicting whether or not a...

Find the present value of $90,000 due in 4 years at the given rate of interest. (Use a 365-day year. Round your answer to the nearest cent.) 5% year compounded quarterly

5. Case Study 2. Gojek and Grab Strategy The case study below explains that there are 2 industries that provide on-demand services, Gojek and Grab. Both are fiercely competitive in the same market in...

Why Co-Branding is an important strategy for the marketers? How does it work? Discuss with the help of some examples. How you can differentiate between brand extension and line extension? Discuss...

5.Discuss supply and demand dynamics in the short-term Treasuries market. What factors are driving the current scarcity in the market and what is the impact of this scarcity on prices/yields?

Explain the pages in white the expert taxes

The EAI data has information on the annual incomes of managers and whether they have attended the training program or not. This data comprise all the 2500 managers that work for this organization....

Mustard Tire purchased delivery truck on January 1, 2017, coing $45,000, with an estimated residual value of 1.000 and an estimated use of years. Suppose Mustard Tire sold the truck on December 31,...

Use Stokes' Theorem to evaluate f(y+sin x) dx+(z+cos y) dy+rdz, where C is the rve r(t) = (sint, cost, sin 2t), t = [0, 2].

John Williams (age 42) is a single taxpayer, and he lives at 1324 Forest Dr., Reno, NV 89501. His Social Security number is 555-94-9358. John's earnings and withholdings as the manager of a local...

Greg died on July 1, 2012, and left Lea, his wife, a $50,000 life insurance policy which she elects to receive at $5,000 per year plus interest for 10 years. In the current year, Lea receives $6,200....

Marty is a sales consultant. Marty incurs the following expenses related to entertainment of his clients in 2012: Dues to a country club......................................................$4,500...

Why were Captain Jim Miranda and Todd Williamson successful? Was it just their perseverance, or are there other reasons for their success?

A manager has decided to use the Hawthorne Studies to improve productivity in an office. How would she accomplish this? Would the results be short- or long-term? Explain.

Please evaluate this scenario by detailing what the manager would do for each step in the decision-making process. i) Two employees are blaming each other for a project they collaborated on which...