David and muriel listed these items. what is their net worth?
2 answers:
Your answer will be 13,331 because you add up all the asset and subtract all the liabilities
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.
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