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.
<span>857/45 as a mixed number is </span>19 2/45
Answer:36 16
Step-by-step explanation:
I think the answer may be 291
Answer:
The correct answer would be the bottom equation.
Step-by-step explanation:
y=7.25x
y=7.25(3)
y=21.75
y=7.25(4)
y=29.00
y=7.25(5)
y=36.25
