Question

David and muriel listed these items. what is their net worth?

Answer 1

Your answer will be 13,331 because you add up all the asset and subtract all the liabilities

Answer 2

Answer:

Option D.

Step-by-step explanation:

To calculate the net worth we subtract the liabilities from the assets.

Total assets

Checking and savings   $6432

Automobile                     $8345

Apartment contents       $5242

Valuables                        $867

                               -------------------------

                Total               $20886

Total Liabilities

Auto loan                       $2820

Credit card                     $1181

Other loans                    $3554

                              ---------------------------

                 Total              $7555

Net worth = Assets - liabilities

                = $20886 - $7556

                = $13331

Option D is the answer.