Questions
25400 Financial Literacy - Spring 2025 In-class Quiz 1
Single choice
If your personal income statement shows a monthly disposable income of $5,000 and monthly expenses of $5,500, what is your monthly cash flow?
Options
A.Zero
B.Positive $10,500
C.Negative $500
D.Positive $500
View Explanation
Verified Answer
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Step-by-Step Analysis
Consider the basic cash flow calculation: monthly cash flow equals income minus expenses.
Option 1: Zero. This would require expenses to exactly equal income (income ......Login to view full explanationLog in for full answers
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