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densk [106]
3 years ago
12

Lisa has the following assets and liabilities. What is her net worth?

Mathematics
2 answers:
exis [7]3 years ago
4 0
Net worth= assets-liability
NW=(3,500+1,000+80+120)−(3,000+500)
Nw=1,200
SCORPION-xisa [38]3 years ago
4 0

Answer:

Lisa has a net worth of $1200.

Step-by-step explanation:

Net worth of a person is defined as his total assets minus total liabilities. Assets are his personal things that he owns and liabilities are to be paid off.

Assets here are : car, saving account, cash and video camera.

Liabilities are : car loan and credit card

So, total assets will be = 3500+1000+80+120=4700

Total liabilities are = 3000+500=3500

So, net worth will be = 4700-3500=1200

Hence, Lisa has a net worth of $1200.

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