Question

a person has total assets = 1646.08 calculate the net worth

a) 3257.14 b) 33.57 c) -3257.14 d) 1038.10

Answer 1

your net worth is the excess of assets over liabilities.

Answer 2

Sorry the liabilities is $4903.22

Answer 3

So what is your answer?

Answer 4

assets minus liabilities = net worth

Answer 5

Generally, negative net worth is frowned on.

Answer 6

What??? Bobpursley already told you what you should have realized -- negative worth is frowned upon. How the dickens can the net worth be positive when the assets are less than the liabilities???

Answer 7

Yes, C.