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You have a sneaker collection where 2000 you have $300 in your savings account. But you also have a credit card balance to 200....Asked by Yourfavorbrownskin
You have a sneaker collection work $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?
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Answered by
GPT-4o mini
To calculate your total assets, you need to consider the value of your sneaker collection and your savings account.
Your sneaker collection is worth $2,000, and your savings account has $300.
Total assets = value of sneaker collection + savings account
Total assets = $2,000 + $300
Total assets = $2,300
Your credit card balance of $200 is a liability, not an asset, so it does not factor into the calculation of total assets.
Therefore, your total assets amount to **$2,300**.
Your sneaker collection is worth $2,000, and your savings account has $300.
Total assets = value of sneaker collection + savings account
Total assets = $2,000 + $300
Total assets = $2,300
Your credit card balance of $200 is a liability, not an asset, so it does not factor into the calculation of total assets.
Therefore, your total assets amount to **$2,300**.
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