=+LG 4 P13 Cash flows Sheldon Smith spends many hours monitoring his personal cash flows every month.
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=+LG 4 P1–3 Cash flows Sheldon Smith spends many hours monitoring his personal cash flows every month. Sheldon earns 5% on his short-term investments while paying prime plus 2% (prime is 9%) on the mortgage. The cash inflows and outflows for the month of March are as follows:
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Item Cash inflow Cash outflow Interest received $ 500 Mortgage $1,550 Salary 5,500 Groceries bill 850 Gas bill 200 Utility bills 310
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Related Book For 
Principles Of Managerial Finance
ISBN: 9781292261515
15th Global Edition
Authors: Chad J. Zutter, Scott Smart
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