FIN 474 CH. 2 (DETAILED ANSWERS) 2024 - DISTINCTION GUARANTEED_.pdf

8/1/24, 7:12 AM 1/4 FIN 474 CH. 2 Jeremiah Terms in this set (17) Current Liabilities are: Debt that you will pay off within a year Angela's monthly disposable income is $3,241. She has monthly expenses of $2,850 (including recreational expenses of $413) and net cash flow of $391 per month. Angela makes a budget based on her personal cash flow statement. In two months, she must pay $470 for tags and taxes on her car. How will this payment affect her net cash flow for that month and how might Angela handle this situation? How will this payment affect her net cash flow for that month and how might Angela handle this situation? Angela's cash outflows will exceed her cash inflows by $79 for that month. She might take the amount out of savings, or she could set aside $39.50 for each of the next two months. Angela's monthly disposable income is $1,684. She has monthly expenses of $1,501 (including recreational expenses of $202) and net cash flow of $183 per month. Angela makes a budget based on her personal cash flow statement. In two months, she must pay $221 for tags and taxes on her car. How much can Angela expect to save in the next 12 months? In the next 12 months, the amount Angela can expect to save is $1,975.