You have a sneaker collection worth $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?(1 point)

Answer 1

Total assets can be calculated by summing up the value of your sneaker collection, your savings account balance, and subtracting the credit card balance.

Total assets = Sneaker collection worth + Savings account balance - Credit card balance
= $2,000 + $300 - $200
= $2,100

Therefore, your total assets are $2,100.