Question

Your client has a house worth $127,500, a car worth $5,500, a savings of $5,450, and a retirement account worth $50,000. They also have a car loan for $2,000, a credit card balance of $1,500, and a mortgage of $50,000. Creating an assets and liabilities record, what is the total value of your client’s assets?(1 point) Responses $134,950 $134,950 $188,450 $188,450 $241,950 $241,950 $53,500

Answer 1

You have a house worth $227,500, a car worth $25,500, a savings of $15,450, and a retirement account worth $250,000. You also have a car loan for $20,000, a credit card balance of $19,500, a personal loan of $7,500, and a mortgage of $150,000. Creating an assets and liabilities record, what is the total of your liabilities?(1 point) Responses $518,450 $518,450 $197,000 $197,000 $321,450 $321,450 $715,450 $715,450

Answer 2

Your grandma gave you $100 toward buying a $700 computer. You put $600 on a credit card. You didn’t take any money out of your $300 savings account. What are your total assets?(1 point) Responses $1,700 $1,700 $1,000 $1,000 $900 $900 $1,100

Answer 3

Use the table to answer the question. Assets Value Car $36,000 Computer $1,115 Savings account $27,844 Retirement savings $90,291 Total Assets %C2%A0 Liabilities Balance Owed Mortgage $114,500 Credit card balance $3,062 Total Liabilities %C2%A0 Net Worth %C2%A0 Constructing the table, what is the net worth? (1 point) Responses $155,250 $155,250 $117,562 $117,562 $43,812 $43,812 $37,688

Answer 4

Given $45,000 worth of total assets and a net worth of $25,000, what is the total balance of liabilities?(1 point) Responses $20,000 $20,000 $15,000 $15,000 −$20,000 negative 20,000 dollars $70,000

Answer 5

the third one was wrong, it was $1,000