Question

The Pacheco family has a monthly income of $7,300 . They have monthly fixed expenses of $3,280. In July, they had monthly variable expenses of $2,620. They have annual expenses totaling $14,000. What was the Pacheco’s cash flow for July?

Answer 1

The cash flow for july is 1400.

Explanation:

The Pacheco family has a monthly income of $7,300.

Total income = 7300

They have monthly fixed expenses of $3,280.

In July, they had monthly variable expenses of $2,620.

They have annual expenses totaling $14,000.

Total expenses = Fixed Expenses + Variable expenses

`TE=3280+2620`

`TE=5900`

Cash flow = Total income - Total expenses

`\text{Cash flow}=7300-5900`

`\text{Cash flow}=1400`

Therefore the cash flow for july is 1400.

Answer 2

The July's cashflow will be given as follows:
July's income=$3280
Monthly expense=$2620
Thus the cash flow will be given by:
Cashflow=3280+(2620)
=3280-2620
=$660
Answer: $660