Question

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?

Answer 1

$7995; $3630.80

Explanation:

He earns $8.25 an hour for 15 hours a week. There are 52 weeks in a year. This gives him

8.25(15)(52) = $6435

The money he makes with his mother is 30(52) = $1560.

This gives us a total of 6435+1560 = $7995

He pays $189.65 per month for his car; this is 189.65(12) = $2275.80.

He plans $65 per month on gas; this is 65(12) = $780.

Adding these and his insurance gives us

2275.80+780+575 = $3630.80

Answer 2

total cash inflow is how much cash is coming in

15 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 <==