Question

The Thompson family made this table when finding their net worth. Use this table to answer the question. Assets Value Liabilities Value Checking and Savings $2,378 Auto Loan $4,502 Automobile $8,765 Credit Cards $435 House Value $135,000 Mortgage $51,208 Furniture, etc. $13,900 Other Loans $1,234 Miniature Collection $238 What are the total assets? $160,281 $165,782 $167,345 $170,890

Answer 1

Answer:

160,281

Step-by-step explanation:

Just add the assets together.

Answer 2

Answer:

$160,281

Step-by-step explanation:

Assets                             Value         Liabilities         Value  

Checking and Savings $2,378    Auto Loan       $4,502  

Automobile                 $8,765       Credit Cards   $435  

House Value                 $135,000   Mortgage        $51,208  

Furniture, etc.                 $13,900    Other Loans    $1,234  

Miniature Collection $238

Their total assets is obtained adding the values of each asset, as follows:

$2,378 + $8,765 + $135,000 + $13,900 + $238 = $160,281