Question

PLZ ANSWER THIS QUICK

Angie has the following assets and liabilities. Calculate her net worth

A )$4,730
B )$47,300
C ) $500
D ) -$4,730

Answer 1

the awswer is C if u add all and subtract u 500

Answer 2

Option A is the answer.

Explanation:

We always calculate the net worth by subtracting total liabilities from total assets.

Therefore, net worth = Assets - Liabilities

Total assets = Car + Saving account + cash

= 5000 + 200 + 80

= $5280

Total liabilities = Car loan + Credit card + Money Owed to a friend

= 0 + 500 + 50

= $550

Therefore, net worth = $5280 - $550

= $4730

Option A is the answer.