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Net Worth

Last updated almost 6 years ago

6 Nsɛmmisa

1

1

1

1

Asemmisa {{asɛmmisaAhyɛnsode}}

1.

What type of item is credit card debt?

Asset

Liability

Net Worth

Asemmisa {{asɛmmisaAhyɛnsode}}

2.

How much are the total assets in the table shown?

$95,000

$8,520

$19,750

$123,270

1

Asemmisa {{asɛmmisaAhyɛnsode}}

3.

The net worth in this statement is $-400?

Nokorɛ

Ɛnyɛ ampa

1

Asemmisa {{asɛmmisaAhyɛnsode}}

4.

Can a net worth be negative? Why or why not?

Asemmisa {{asɛmmisaAhyɛnsode}}

5.

Harold has a car worth $18,200. He has $525 in cash, and $2,800 in his savings account. His only debt is a loan for a car.
If Harold's net worth is $9,025, what is the amount of his loan?

$5,850

$9,025

$11,825

$12,500

Asemmisa {{asɛmmisaAhyɛnsode}}

6.

Julian has a football card worth $125.50. He owes his parents $50 for buying a new video game. He has $25.25 saved in his piggy bank. What is Julian's net worth?

$150.75

$50

$75.25

$100.75