Answer:
Paul has negative worth of $2,900
His statement is invalid as he did not consider all assets and debts in aggregate.
Step-by-step explanation:
The net worth of Paul is the total asset owned by him less the total of debts owed by him.
Paul's total assets can computed thus:
Stock portfolio $21,000
Home worth $365,000
Car worth $19,000
Total assets $405,000
Paul's total debts can be computed as follows:
Mortgage loan $362,000
Car loan $16,250
credit card debt $11,750
Student loan $17,900
Total debts $407,900
The amount of debts owed by Paul is $2,900($405,000-$407,900) more than his asset worth,which implies that Paul is indebted to the tune of $2,900,hence has negative worth.
Answer:
10.3cm=0.103
Step-by-step explanation:
Hope this helped :)
-<em>El</em>
Answer:
their are 17 cows
Step-by-step explanation:
7x2=14
82-14=68
68/4=17
"of" means multiply, "was/is" means equals
started driving price was 1/4 of current price
? = 1/4 x 3.16
? = 3.16/4
? = .89
Answer: $0.89
