Ask Question
18 December, 21:26

Which of the following modifications to the list of assets and liabilities below would result in a positive net worth? Home owned $105,000. Mortgage owed $100,000. Car valued at $26,000. Car loan of $22,000. Investment fund of $4,500. Savings of $1,500. Credit card balance of $15,000. a. Lowering mortgage by $1,000. b. Increasing investment fund by $500. c. Adding $100 to savings. d. All of the above.

+3
Answers (1)
  1. 18 December, 21:51
    0
    Net worth = assets-liability

    NW = (105,000+26,000+4,500+1,500) - (100,000+22,000+15,000) = 0

    So the answer is all of the above

    Why?
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which of the following modifications to the list of assets and liabilities below would result in a positive net worth? Home owned $105,000. ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers