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David and muriel listed these items. what is their net worth?

David and muriel listed these items. what is their net worth?-example-1

2 Answers

5 votes

Your answer will be 13,331 because you add up all the asset and subtract all the liabilities

User Justrhysism
by
4.7k points
5 votes

Answer:

Option D.

Explanation:

To calculate the net worth we subtract the liabilities from the assets.

Total assets

Checking and savings $6432

Automobile $8345

Apartment contents $5242

Valuables $867

-------------------------

Total $20886

Total Liabilities

Auto loan $2820

Credit card $1181

Other loans $3554

---------------------------

Total $7555

Net worth = Assets - liabilities

= $20886 - $7556

= $13331

Option D is the answer.

User Janaya
by
5.6k points