Question

Andrew is evaluating his current financial position by totaling his monthly cash inflows and outflows. His cash inflows each month are $60 in allowance and $240 in wages from his part-time job working at the pet store. His cash outflows each month are $170 for his car payment, $70 in entertainment, and $45 for gas and food. How much, if anything, does Andrew have left over each month?

Answer 1

Andrew has $15 left over each month

Explanation:

Inflows=$240+$60=$300/mo.

Outflows=$170+$70+45=$285/mo.

Inflows-Outflows=left over

$300-$285=$15