Jim has $1,000 income from his job and $200 stock dividend income this month. This month Jim has rent and utilities of $300 and he spent $300 on groceries and $200 on clothing. What is his cash inflow this month?

A) $1,200

B) $400

C) $600

D) $500

Question

Zachariah Booker

Business

12 June, 14:32

Jim has $1,000 income from his job and $200 stock dividend income this month. This month Jim has rent and utilities of $300 and he spent $300 on groceries and $200 on clothing. What is his cash inflow this month?

A) $1,200

B) $400

C) $600

D) $500

+2

Answers (1)

Know the Answer?

Giovanny Spears · Answer 1

A) $1,200

Explanation:

The cash inflow is that amount which increases the cash balance i. e cash has come whereas cash outflow is that amount which decreases the cash balance

In the given situation, the cash inflow would be

= Income generated from his job + stock dividend income

= $1,000 + $200

= $1,200

And, the cash outflow would be rent & utilities and other types of expenses which decrease the cash balance as the cash is gone

Jim has $1,000 income from his job and $200 stock dividend income this month. This month Jim has rent and utilities of $300 and he spent $300 on groceries and $200 on clothing. What is his cash inflow this month?A) $1,200B) $400C) $600D) $500

Jim has $1,000 income from his job and $200 stock dividend income this month. This month Jim has rent and utilities of $300 and he spent $300 on groceries and $200 on clothing. What is his cash inflow this month?

A) $1,200

B) $400

C) $600

D) $500