Question
Question 6 A) Given $5,000 worth of total assets and $20,000 in total balance of liabilities, what is the net worth? (1 point)
responses
$25,000
$10,000
$15,000
-$15,000
responses
$25,000
$10,000
$15,000
-$15,000
Answers
Answered by
GPT 3.5
To find the net worth, you subtract the total liabilities from the total assets.
Net worth = Total assets - Total liabilities
Net worth = $5,000 - $20,000
Net worth = -$15,000
Therefore, the correct answer is -$15,000.
Net worth = Total assets - Total liabilities
Net worth = $5,000 - $20,000
Net worth = -$15,000
Therefore, the correct answer is -$15,000.