he expenses and income of an individual are given in table form to the right. Find the net monthly cash flow​ (it could be positive or​ negative). Assume salaries and wages are after taxes. When you need to convert between weeks and​ months, assume that 

1 month equals 4 weeks1 month=4 weeks.

**Income**

​Part-time job: $ 500 divided by month$500/month

College fund from​ grandparents: $ 350 divided by month$350/month

​Scholarship: $ 6000 divided by year$6000/year

**Expenses**

​Rent: $ 550 divided by month$550/month

​Groceries: $ 50 divided by week$50/week

Tuition and​ fees: 

$ 3000$3000 

twice a year

​Incidentals: $ 80 divided by week$80/week

Question content area bottom

Part 1

The net monthly cash flow is 

​$enter your response here. 

​(Round to the nearest dollar as​ needed.)

Let's calculate the net monthly cash flow by determining the total monthly income and total monthly expenses, then subtracting expenses from income.

### **Step 1: Calculate Monthly Income**

1. **Part-time job**: $500/month (already given as monthly)
2. **College fund from grandparents**: $350/month (already given as monthly)
3. **Scholarship**: $6,000/year  
   To convert this to a monthly amount:
   \[
   \frac{6,000}{12} = 500 \text{ per month}
   \]

**Total Monthly Income**:
\[
500 + 350 + 500 = 1,350 \text{ per month}
\]

### **Step 2: Calculate Monthly Expenses**

1. **Rent**: $550/month (already given as monthly)
2. **Groceries**: $50/week  
   Convert to a monthly amount:
   \[
   50 \times 4 = 200 \text{ per month}
   \]
3. **Tuition and fees**: $3,000 twice a year (which is $6,000 per year)  
   Convert to a monthly amount:
   \[
   \frac{6,000}{12} = 500 \text{ per month}
   \]
4. **Incidentals**: $80/week  
   Convert to a monthly amount:
   \[
   80 \times 4 = 320 \text{ per month}
   \]

**Total Monthly Expenses**:
\[
550 + 200 + 500 + 320 = 1,570 \text{ per month}
\]

### **Step 3: Calculate Net Monthly Cash Flow**

\[
\text{Net Monthly Cash Flow} = \text{Total Income} - \text{Total Expenses}
\]
\[
\text{Net Monthly Cash Flow} = 1,350 - 1,570 = -220
\]

### **Conclusion:**
The net monthly cash flow is **$-\$220$**, meaning the individual is spending $220 more than they earn each month.

**Questions or need further clarification?**

**5 Related Questions**:
1. How would the cash flow change if the scholarship amount increased?
2. What impact would reducing rent by $50/month have on the cash flow?
3. How can budgeting incidentals help improve cash flow?
4. What would the cash flow look like without the college fund from grandparents?
5. How does paying tuition in full for the year affect cash flow planning?

**Tip:** Tracking monthly income and expenses is crucial for maintaining a positive cash flow and financial stability.

The expenses and income of an individual are given in table form to the right. Find the net monthly cash flow (it could be positive or negative). Assume salaries and wages are after taxes. When you need to convert between weeks and months, assume that 1 month equals 4 weeks.

Income

Part-time job: $500/month
College fund from grandparents: $350/month
Scholarship: $6000/year

Expenses

Rent: $550/month
Groceries: $50/week
Tuition and fees: $3000 twice a year
Incidentals: $80/week

The net monthly cash flow is $____ (Round to the nearest dollar as needed.)

Learn how to calculate the net monthly cash flow by analyzing income and expenses. This problem covers essential arithmetic concepts, including income and expense calculation. Suitable for students in Grades 6-8.

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