Answer: the net increase in net worth is $2,000
Explanation:
Formulas to apply
1.- Assets - liabilities = Net worth
2 - Net worth- Prior net worth= Net worth increase
The goal is to obtain the increase in the current net worth
$64,500 + $48,000= $112,500 assets
$112,500 (assets) -94,500(liabilities) = $18,000 (net worth)
$20,000 (Current net worth)- $18,000(prior net worth) = the increase is $ 2,000
