The total value of Mikhail’s assets is $37,428, and the total balance of his liabilities is $42,110. What is Mikhail’s net worth? Include the dollar sign in your response.(1 point)

Answer 1

Mikhail’s net worth can be calculated by subtracting his total liabilities from his total assets.

Net Worth = Total Assets - Total Liabilities

Net Worth = $37,428 - $42,110

Net Worth = -$4,682

Thus, Mikhail’s net worth is -$4,682.