Rachael is in her senior year at college and is taking a summer and one semester to do a six-month internship in recreational services. The resort where she is interning is providing room, breakfast, and lunch during the five days a week she works, as well as a small stipend of $250 per week after taxes. This will be her only source of income over the next six months. Rachaels living expenses include her cell phone at $65 per month, groceries at about $30 per week, clothing at $100 per month, haircuts at $20 per month, and approximately $50 per week for recreation. Complete a cash flow statement for Rachael and answer the following questions.

1. What is Rachaels total cash inflow during the internship? (LO 3-1)

2. What is Rachaels total cash outflow during the internship? (LO 3-1)
3. What is Rachaels net cash flow during the internship? (LO 3-1)
4. Rachael would like to have at least $1,000 saved up at the end of her internship to go on an all-inclusive trip to Mexico with her friends before returning for her last semester of classes. Prepare a monthly budget that will help her achieve that goal. (LO 3-4)