Unit 3 Day 15

Assets=$20,000

Liabilities=$50,000

What is the net worth?

• $80,000

• - $80,000

• $30,000

• - $30,000

Based on the chart above, what is the Net Worth?

• $16,840

• $50,850

• $34,010

• $67,690

The table below shows Claude's assets and liabilities. What is his net worth?

• $24,950

• $-25,420

• -$24,950

• $25,420

Jane's total assets are $8,794. Her liabilities are $2,670 in credit card debt and $3,622 for a student loan. What is her net worth?

• $6,124

• $15,086

• -$4,328

• $2,502

Isadora rents an apartment for $1,000 a month and has a year's lease.  She owns a car that is worth $14,700.  She has a savings account of $4,750 and a credit card balance of $825.  What is her net worth?

• $19,450
• -$16,320
• $17,625
• $1,825

• $127,000

• $40,000

• $95,000

• $135,000

Property owned by an individual

• Liability

• Asset

• Property

• Net Worth

Tags

CCSS.7.EE.A.1

The value of all assets minus the value of all liabilities.

• Financial obligations

• Assets

• Net Worth

• Property

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.8.EE.C.7B

The table below shows Claude's assets and liabilities.  What is the total value of his assets?

• $24,950
• $25,420
• -$24,950
• $50,370