Question

The Worthingtons love to travel, so when they retired they sold their house and purchased a motor home valued at $165,000. They tow their car, valued at $32,000 behind their motor home when they travel. The Worthingtons have medical bills totaling $1,300 and a balance of $3,000 on credit cards. Since they invested for retirement, the Worthingtons have $200,000 in investments and an additional $20,000 in their savings account. What is the Worthingtons’ net worth?

a.$411,700

b.$412,700 c.$413,700 d.$414,700

Answer 1

its b

Step-by-step explanation:

on edg

Answer 2

Net worth is the value of all the non-financial and financial assets owned by an institutional unit or sector, minus the total of all its outstanding liabilities. The value of all of the Worthingtons assets Worthingtons have a net worth of $412,700. The Answer is b.