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Part 1
The expenses and income of an individual are given in table form to the right. Find the net monthly cash flow​ (it may be negative or​ positive). Assume that amounts shown for salaries and wages are after taxes and that 1 month equals 4 weeks1 month=4 weeks.
Income
Expenses
​Part-time job: $ 1100 divided by month$1100/month
​Rent: $ 550 divided by month$550/month
Student​ loans: $ 6600 divided by year$6600/year
​Groceries: $ 50 divided by week$50/week
​Scholarship: $ 6000 divided by year$6000/year
Tuition and​ fees: $ 6500 divided by year$6500/year
Health​ insurance: $ 45 divided by month$45/month
​Entertainment: $ 100 divided by month$100/month
​Phone: $ 55 divided by month$55/month
Question content area bottom
Part 1
The net monthly cash flow is ​$enter your response here.
​(Round to the nearest dollar as​ needed.) 

To calculate the net monthly cash flow, we'll first compute the total income and total expenses per month. We will then subtract the total expenses from the total income to determine the net cash flow.

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

1. **Part-time job:** $1100 per month.
2. **Scholarship:** $6000 per year. Convert to a monthly amount by dividing by 12:
   \[
   \frac{6000}{12} = 500 \, \text{per month}.
   \]

So, the **total monthly income** is:
\[
1100 + 500 = 1600 \, \text{per month}.
\]

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

1. **Rent:** $550 per month.
2. **Student loans:** $6600 per year. Convert to a monthly amount by dividing by 12:
   \[
   \frac{6600}{12} = 550 \, \text{per month}.
   \]
3. **Groceries:** $50 per week. Since 1 month equals 4 weeks, multiply by 4 to get the monthly amount:
   \[
   50 \times 4 = 200 \, \text{per month}.
   \]
4. **Tuition and fees:** $6500 per year. Convert to a monthly amount by dividing by 12:
   \[
   \frac{6500}{12} \approx 542 \, \text{per month}.
   \]
5. **Health insurance:** $45 per month.
6. **Entertainment:** $100 per month.
7. **Phone:** $55 per month.

So, the **total monthly expenses** are:
\[
550 + 550 + 200 + 542 + 45 + 100 + 55 = 2042 \, \text{per month}.
\]

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

Now, subtract the total monthly expenses from the total monthly income:
\[
1600 - 2042 = -442 \, \text{(negative)}.
\]

Thus, the net monthly cash flow is **-$442** (a deficit of $442).

Would you like further details or have any questions?

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**Related Questions:**
1. How would the net cash flow change if the part-time job income increased by $200 per month?
2. What would be the impact on the cash flow if rent increased by 10%?
3. How would reducing entertainment expenses by 20% affect the monthly cash flow?
4. If tuition fees are paid semi-annually, how does that impact the monthly expenses?
5. What effect would a $100 per month raise in scholarship have on the net cash flow?

**Tip:** Always consider future adjustments to either income or expenses to plan for a positive cash flow.

The expenses and income of an individual are given in table form to the right. Find the net monthly cash flow​ (it may be negative or​ positive). Assume that amounts shown for salaries and wages are after taxes and that 1 month equals 4 weeks. Part-time job: $1100/month, Rent: $550/month, Student loans: $6600/year, Groceries: $50/week, Scholarship: $6000/year, Tuition and fees: $6500/year, Health insurance: $45/month, Entertainment: $100/month, Phone: $55/month.

Learn how to calculate net monthly cash flow by comparing income and expenses. This example covers part-time job income, scholarships, rent, student loans, groceries, tuition, and other expenses. Step-by-step solution suitable for Grades 9-12.

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