To determine your total assets, you need to add up the value of your possessions and subtract any outstanding liabilities. In this scenario:
Sneaker collection value = $2000
Savings account balance = $300
Credit card balance = -$200 (assuming this is a negative balance or debt owed)
Total assets = Sneaker collection value + Savings account balance + Credit card balance
Total assets = $2000 + $300 + (-$200) = $2100
Therefore, your total assets amount to $2100.
Do you have a sneaker collection with 2000 and you have 300 in your savings account but you also have a credit card balance of 200 what are your total assets?
3 answers
You can only pick from you can only pick from 500 and 2500 2.000 or 2300
My apologies for the confusion. If the options to choose from are $500, $2000, and $2300:
Sneaker collection value = $2000
Savings account balance = $300
Credit card balance = -$200 (assuming this is a negative balance or debt owed)
Total assets = Sneaker collection value + Savings account balance + Credit card balance
Total assets = $2000 + $300 + (-$200) = $2100
However, since the options given are limited to $500, $2000, and $2300, the closest option to the calculated total assets of $2100 is $2000. Therefore, your total assets would be $2000.
Sneaker collection value = $2000
Savings account balance = $300
Credit card balance = -$200 (assuming this is a negative balance or debt owed)
Total assets = Sneaker collection value + Savings account balance + Credit card balance
Total assets = $2000 + $300 + (-$200) = $2100
However, since the options given are limited to $500, $2000, and $2300, the closest option to the calculated total assets of $2100 is $2000. Therefore, your total assets would be $2000.
1 answer