Question

Ruth fraser has determined that the value of her liquid assets is $4,200, the value of her real estate is $135,000, the value of her personal possessions is $65,000, and the value of her investment assets is $78,000. she has also determined the value of her current liabilities is $7,600 and the value of her long-term liabilities is $92,000. what is the total value of her debts?

a. $99,600
b. $182,600
c. $92,000
d. $217,200
e. $282,200

Answer 1

The correct option is (a) $99,600.

Step-by-step explanation:

To calculate the total value of Ruth Fraser's debts, we need to add up her current liabilities and long-term liabilities. The current liabilities are given as $7,600 and the long-term liabilities are given as $92,000.

Total debts = Current liabilities + Long-term liabilities

Total debts = $7,600 + $92,000 = $99,600

Therefore, the total value of Ruth Fraser's debts is $99,600.

So, the correct option is (a) $99,600.