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Cash flows It is typical for Jane to plan, monitor, and assess her financial position

using cash flows over a given period, typically a month. Jane has a savings account,

and her bank loans money at 6 percent per year while it offers short-term investment

rates of 5 percent. Jane's cash flows during August were as follows:

Item Cash inflow Cash outflow

Clothes -$1,000

Interest received $ 450

dining out -500

Groceries -800

Salary 4,500

Auto payment -355

Utilities -280

Mortgage -1,200

Gas -222

a determines janes total cash inflows and cash outflows

b. determine the net cash flow for the month of August.

c. If there is a shortage, what are a few options open to Jane?

d. If there is a surplus, what would be a prudent strategy for her to follow?