What is their net worth? Item Value ($) House (owned) 42,365 Car debt 980 Boat debt 2,200 Credit Card debt 3,298 Savings 1,255 Cash 355 Student Loan 1,500
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Answered by
1
Step-by-step explanation:
42365+1255+355-980-2200-3298-1500=35997 $
Answered by
0
Net Worth = $ 35997
Step-by-step explanation:
Item Value ($)
House (owned) 42365
Car Debt 980
Boat Debt 2200
Credit Card Debt 3298
Saving 1255
Cash 355
Loan 1500
Loan & all Debt entries are Liabilities hence will be -ve in Net worth
Hence net worth = ( 42365 + 1255 + 355) - (980 + 2200 + 3298 + 1500)
= (43975) - (7978)
= 35997 $
Net Worth = $ 35997
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