The Expenses and Income of an Individual Are Given in Table

question 7

Multiple Choice

The expenses and income of an individual are given in table form. Find the net monthly cash flow (it could be positive ornegativ. Assume salaries and wages are after taxes, that 1 month = 4 weeks, and that 1 year = 12 months. Round youranswer to the nearest dollar.
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• A) \(-\$ 766\)
• B)\(-\$ 405\)
• C)\(-\$ 85\)
• D)\(-\$ 445\)

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Definitions:

Transferable Shares

Shares that can be transferred from one party to another, typically without restriction.

Corporation

A legal entity recognized by law as separate from its owners, capable of conducting business, entering into contracts, and owning assets, with shareholders who invest money for the potential of profitability.

Large Companies

Businesses or organizations that operate on a large scale, often having extensive operations, personnel, and financial turnover.

Bad Debt

Money that has been lent or credited but is unlikely to be repaid and is therefore considered a loss.