Net Worth
Flashcard
•
Mathematics
•
7th Grade
•
Practice Problem
•
Hard
+3
Standards-aligned
Wayground Content
FREE Resource
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15 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Can you have negative Net Worth?
Back
True
Tags
CCSS.6.NS.C.6A
2.
FLASHCARD QUESTION
Front
If Assets = $20,000 and Liabilities = $50,000, what is the net worth?
Back
- $30,000
Tags
CCSS.7.EE.B.3
3.
FLASHCARD QUESTION
Front
What are Assets best described as?
Back
Money or property you own.
4.
FLASHCARD QUESTION
Front
What are Debts or money you owe called?
Back
Liabilities
Tags
CCSS.6.NS.C.5
5.
FLASHCARD QUESTION
Front
Which of the following is considered an asset? Credit card debt, savings, car payoff, student loan?
Back
Savings.
6.
FLASHCARD QUESTION
Front
What is the formula to calculate Net Worth?
Back
Net Worth = Assets - Liabilities.
Tags
CCSS.6.NS.C.5
7.
FLASHCARD QUESTION
Front
If your Assets are $100,000 and Liabilities are $150,000, what is your Net Worth?
Back
- $50,000.
Tags
CCSS.6.NS.C.7C
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