Lucky Louie has the following cash inflows and outflows:
$500 rent, $200 car payment, $100 car repair, $100 discretionary purchases, $300 food, $150 electric bill, $3,500 monthly salary after deductions for tax, etc., $200 cell phone, $400 repayment of loan to dad, and $500 planned spending on weekend fun. What is Lucky's net cash flow?
A) $1,050
B) $200
C) $1,150
D) Not enough information regarding paycheck
Answer: A
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