Connect with experts and get insightful answers to your questions on IDNLearn.com. Our community provides timely and precise responses to help you understand and solve any issue you face.

Enzo's balance sheet for the month of July is shown.

\begin{tabular}{|c|c|c|c|}
\hline \multicolumn{2}{|c|}{ Enzo's Balance Sheet (July 2013) } \\
\hline \multicolumn{2}{|c|}{ Assets } & \multicolumn{2}{|c|}{ Liabilities } \\
\hline cash & [tex]$\$[/tex] 600[tex]$ & credit card & $[/tex]\[tex]$ 4,000$[/tex] \\
\hline investments & [tex]$\$[/tex] 500[tex]$ & student loan & $[/tex]\[tex]$ 2,500$[/tex] \\
\hline house & [tex]$\$[/tex] 120,000[tex]$ & mortgage & $[/tex]\[tex]$ 80,000$[/tex] \\
\hline car & [tex]$\$[/tex] 6,000[tex]$ & car loan & $[/tex]\[tex]$ 2,000$[/tex] \\
\hline Total & [tex]$\$[/tex] 127,100[tex]$ & Total & $[/tex]\[tex]$ 88,500$[/tex] \\
\hline
\end{tabular}

Which expression finds Enzo's net worth?

A. [tex]$\$[/tex] 127,100 - \[tex]$ 88,500$[/tex]

B. [tex]$\$[/tex] 127,100 + \[tex]$ 88,500$[/tex]

C. [tex]$\$[/tex] 88,500 + \[tex]$ 127,100$[/tex]

D. [tex]$\$[/tex] 88,500 - \[tex]$ 127,100$[/tex]


Sagot :

To determine Enzo's net worth, we need to find the difference between his total assets and total liabilities.

The relevant values provided are:
- Total assets: \[tex]$127,100 - Total liabilities: \$[/tex]88,500

Net worth is calculated as:
[tex]\[ \text{Net Worth} = \text{Total Assets} - \text{Total Liabilities} \][/tex]

Substituting the given values into this expression:
[tex]\[ \text{Net Worth} = \$127,100 - \$88,500 \][/tex]

Thus, the correct expression to find Enzo's net worth is:
[tex]\[ \$127,100 - \$88,500 \][/tex]

Therefore, the correct answer is:
[tex]\[ \$ 127,100 - \$ 88,500 \][/tex]