Networth

Property owned by a person or company, regarded as having value is an __________

• asset

• liability

• net worth

• pizza

Assets-Liabilities=

• assets

• expenses

• net worth

• savings

Tags

CCSS.HSA.CED.A.2

CCSS.HSA.CED.A.4

CCSS.HSA.SSE.A.1

Which of the following is an asset?

• mortgage

• school loan

• jewelry

• credit card bill

You can have negative Net Worth.

• True

• False

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

Bills and Loans are examples of ________?

• Assets

• Liabilities

• Net worth

• Pickles

Which of the following is considered an asset?

• credit card debt
• savings
• car payoff
• student loan

Susie has assets worth $87,000 and a net worth of $32,000.  What is the amount of her liabilities? 

• $119,000
• $45,000
• $55,000
• $32,000

Tags

CCSS.7.EE.B.3

CCSS.7.EE.B.4

CCSS.7.NS.A.3

Which group contains exactly one asset and two liabilities? 

• savings account, gift card, bank loan
• checking account, bank loan, car payment
• mortgage, bank loan, car payment
• stocks, retirement fund, car

The difference of what you own and what you owe (the difference between assets and liabilities)

• asset

• liability

• net worth

• coconut

Tags

CCSS.HSA.SSE.A.1

The networth equations is

• Assets- Liabilities = Networth

• Liabilities- Assets = Net Worth

• Liabilities + Assets = Networth

• Assets/ Networth = Liabilitites