Question
1.The Jacksons have presented their financial planner with the following information in order to prepare their statement of cash flows: Gross salary$75,000 Dividend income$5,600 Roth
1.The Jacksons have presented their financial planner with the following information in order to prepare their statement of cash flows:
Gross salary$75,000
Dividend income$5,600
Roth IRA contribution$2,000
401(k) Plan contribution$5,000
Mortgage payments$14,400
Car payments$3,600
Utilities$1,200
Food$4,800
Entertainment$2,400
Based on the information provided, calculate the Jacksons' net cash flow.
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Principles Of Corporate Finance
Authors: Lawrence J. Gitman, Sean M. Hennessey
2nd Canadian Edition
0321452933, 978-0321452931
