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:
530
Step-by-step explanation:
200+6(55)
6x55=330
200+330=530
Slope intercept: y=-3/4x+2
Answer: 3
Step-by-step explanation:
Let say x the width of the tank,
x+4 its length,
x+2 its height

<u>width=3</u>
length=3+4=7
height=3+2=5