Prompt: Cristian works 15 hours a week at his uncle’s auto shop. He makes $8.25 per hour. In addition, Cristian works for his mother at the hair salon cleaning on Saturday mornings for $30 a week. Cristian works to pay for his car. The payments are $189.65 a month and he plans for $65.00 a month on gasoline. His car insurance is $575 a year. How much was Cristian’s total cash inflow for last year? How much were his total cash outflows for his car last year?
Question
Answer:
total cash inflow is how much cash is coming in15 hrs a week at 8.25 per hr......15 * 8.25 = 123.75 per week
30 a week from the hair salon
so thats (123.75 + 30) = 153.75 per week
there are 52 weeks in a year..
so total cash inflow for the year is : (153.75 * 52) = $ 7995 <==
cash outflow is how much cash is leaving..
185.65 per month for the car...there are 12 months in a year...so this
cost is (185.65 * 12) = 2227.80
65 a month on gas...65 * 12 = 780
plus the 575 yearly for insurance
for a total cash outflow of : (2227.80 + 780 + 575) = $ 3582.80 <==
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