Question

You have a sneaker collection where $2000. And you have $300 in your savings account. But you also have a credit card balance of 200. What are your total assets

Answer 1

To calculate your total assets, you would add the value of your sneaker collection, the amount in your savings account, and any positive balance on your credit card.

Total assets = Sneaker collection ($2000) + Savings account ($300) + Credit card balance ($200)

Total assets = $2000 + $300 + $200

Total assets = $2500