To determine Kendra's net cash flow, follow these steps:
1. Calculate Kendra's Total Income:
Kendra has two sources of income:
- Net pay: \[tex]$2,300.0
- Interest earned on savings: \$[/tex]20.0
Total Income = Net pay + Interest earned on savings
Total Income = \[tex]$2,300.0 + \$[/tex]20.0 = \[tex]$2,320.0
2. Calculate Kendra's Total Expenses:
Kendra lists her expenses as follows:
- Mortgage: \$[/tex]800.0
- Homeowner's Association fee: \[tex]$120.0
- Electric: \$[/tex]90.0
- Water/Sewer: \[tex]$45.0
- Cable/Internet: \$[/tex]95.0
- Cell phone: \[tex]$80.0
- Insurance: \$[/tex]275.0
- Groceries: \[tex]$520.0
Total Expenses = Mortgage + Homeowner's Association fee + Electric + Water/Sewer + Cable/Internet + Cell phone + Insurance + Groceries
Total Expenses = \$[/tex]800.0 + \[tex]$120.0 + \$[/tex]90.0 + \[tex]$45.0 + \$[/tex]95.0 + \[tex]$80.0 + \$[/tex]275.0 + \[tex]$520.0 = \$[/tex]2,025.0
3. Calculate Kendra's Net Cash Flow:
Net Cash Flow = Total Income - Total Expenses
Net Cash Flow = \[tex]$2,320.0 - \$[/tex]2,025.0 = \[tex]$295.0
Therefore, Kendra's net cash flow is \$[/tex]295.0.
Thus, the correct answer is:
a. \$295
