FINANCE-Once again, the Grand Canyon University mascot

QUESTION

Once again, the Grand Canyon University mascot, the ‘Lope, graduated from GCU and anticipates monthly take-home pay of $2,750 for his mascot work over the next 3 months. He also expects a tax refund in the second month of $75. His basic monthly expenses are housing of $556, food of $345, and miscellaneous expenses of $1,045. The ‘Lope plans on buying a gaming system and a big screen TV in the third month for $2,400. What is his cumulative cash surplus or deficit over the three months?a) $729b) $879c) $87d) -$1,596

ANSWER:

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