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?

Question

Mathematics

Quinton Hodge

25 February, 02:14

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?

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Answers (1)

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Mango · Answer 1

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 <==