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6 November, 04:49

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

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Answers (1)
  1. 6 November, 08:11
    0
    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
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