rosetta listed her assets and liabilities on a personal balance sheet.\nrosettas balance sheet (april…

rosetta listed her assets and liabilities on a personal balance sheet.\nrosettas balance sheet (april 2013)\n|assets| |liabilities| |\n|--|--|--|--|\n|cash|$900|credit card|$4,000|\n|investments|$1,100|student loan|$2,000|\n|house|$150,000|mortgage|$100,000|\n|car|$8,000|car loan|$5,000|\n|total| |total| |\nif rosetta sells her house and pays off the mortgage, how much should she receive (assuming there are no other costs associated with selling the house)?\n$42,000\n$50,000\n$52,000\n$60,000

rosetta listed her assets and liabilities on a personal balance sheet.\nrosettas balance sheet (april 2013)\n|assets| |liabilities| |\n|--|--|--|--|\n|cash|$900|credit card|$4,000|\n|investments|$1,100|student loan|$2,000|\n|house|$150,000|mortgage|$100,000|\n|car|$8,000|car loan|$5,000|\n|total| |total| |\nif rosetta sells her house and pays off the mortgage, how much should she receive (assuming there are no other costs associated with selling the house)?\n$42,000\n$50,000\n$52,000\n$60,000

Answer

Explanation:

Step1: Identify house value and mortgage amount

House value = $150000$, Mortgage = $100000$

Step2: Calculate the amount received

Amount received = House value - Mortgage $=150000 - 100000$ $= 50000$

Answer:

$50000$ (corresponding to the option: $50,000$)