skye listed her assets and liabilities on a personal balance sheet.\nskyes balance sheet (april…

skye listed her assets and liabilities on a personal balance sheet.\nskyes balance sheet (april 2013)\n|assets| |liabilities| |\n|--|--|--|--|\n|cash|$1,000|credit card|$4,000|\n|investments|$1,000|student loan|$1,000|\n|house|$200,000|mortgage|$100,000|\n|car|$8,000|car loan|$5,000|\n|total|???|total|???|\nnet worth:???\nwhat is skyes net worth?\n$100,000\n$110,000\n$210,000\n$320,000

skye listed her assets and liabilities on a personal balance sheet.\nskyes balance sheet (april 2013)\n|assets| |liabilities| |\n|--|--|--|--|\n|cash|$1,000|credit card|$4,000|\n|investments|$1,000|student loan|$1,000|\n|house|$200,000|mortgage|$100,000|\n|car|$8,000|car loan|$5,000|\n|total|???|total|???|\nnet worth:???\nwhat is skyes net worth?\n$100,000\n$110,000\n$210,000\n$320,000

Answer

Explanation:

Step1: Calculate total assets

$1000 + 1000+200000 + 8000=210000$

Step2: Calculate total liabilities

$4000+1000 + 100000+5000 = 110000$

Step3: Calculate net - worth

Net worth = Total assets - Total liabilities, so $210000-110000 = 100000$

Answer:

$100000$