Question

Jayla calculates her net worth using the following financial statement. Cash Car Loan Car Value Savings Retirement Savings Student Loans $1,000 $5,800 $16,500 $1,256 $12,500 $33,529 1 What is the total value of Jayla's liabilities? A $53,885 B $168,585 C $39,329 D $207,914​

Answer 1

Jayla's total liabilities add up to $39,329, which is the sum of her car loan and student loans. This total corresponds to option C.

Step-by-step explanation:

Calculating Jayla's Total Liabilities

The total value of Jayla's liabilities is the sum of her outstanding debts, which include the car loan and student loans. According to the financial statement provided, these liabilities are:

• Car Loan: $5,800
• Student Loans: $33,529

To determine the total liabilities, we simply add these amounts together:

$5,800 (Car Loan) + $33,529 (Student Loans) = $39,329

Therefore, the total value of Jayla's liabilities is $39,329, which corresponds to option C.