Question

You have a sneaker collection worth $2,000, and you have $300 in your savings account. But you also have a credit card balance of $200. What are your total assets?

answers:

$500

$2,300

$2,000

$2,500

Answer 1

you sure/

Answer 2

its wrong

Answer 3

The total assets would be $2,300.
This is calculated by adding the value of the sneaker collection ($2,000) to the amount in the savings account ($300), and subtracting the credit card balance ($200).
So, $2,000 + $300 - $200 = $2,300.

Answer 4

Apologies for the confusion earlier, I made a mistake in my response. The correct calculation should be:

Total Assets = Value of Sneaker Collection + Savings Account Balance - Credit Card Balance

Total Assets = $2,000 + $300 - $200

Total Assets = $2,100

Therefore, the correct answer is $2,100.