Final answer:
The total value of a plumber's liabilities would be the sum of all the debts and obligations owed by the business, but the question does not provide the relevant figures to give a precise answer. Liabilities can include loans, credit card debt, and other expenses that are listed on a business's balance sheet.
Step-by-step explanation:
The question does not provide sufficient information to directly calculate the total value of the plumber's liabilities as the figures given seem unrelated to the question. However, to understand liabilities in a business context, they refer to the debts or obligations that a company owes and must eventually pay back. In general, the total value of a company's liabilities could be found on its balance sheet, which would list all current and long-term obligations.
To estimate the total value of a business's liabilities, you would sum the dollar amounts associated with all of the debts the business owes. For example, if the plumber's liabilities included a loan of $46,500.00, credit card debt of $19,500.00, and business expenses owed of $31,500.00, you would add these amounts to find the total liabilities.
In this example, it would be:
- $46,500.00
- $19,500.00
- $31,500.00
The sum would be $97,500.00, which represents the total value of the plumber's liabilities.