Find the best solutions to your problems with the help of IDNLearn.com's expert users. Our platform is designed to provide reliable and thorough answers to all your questions, no matter the topic.
Sagot :
To determine the carpenter's net worth, we need to follow these steps:
1. Calculate Total Assets: Add up all the values of the carpenter's assets.
[tex]\[ \text{Total Assets} = \text{Home Value} + \text{Owned Work Equipment} + \text{Car Value} + \text{Investments} \][/tex]
Plug in the given values:
[tex]\[ \text{Total Assets} = 175,742 + 3,365 + 44,346 + 61,225 = 284,678 \][/tex]
2. Calculate Total Liabilities: Add up all the amounts the carpenter owes.
[tex]\[ \text{Total Liabilities} = \text{Mortgage} + \text{Credit Card Balance} + \text{Truck Loan} \][/tex]
Plug in the given values:
[tex]\[ \text{Total Liabilities} = 76,765 + 2,055 + 66,408 = 145,228 \][/tex]
3. Calculate Net Worth: Subtract the total liabilities from the total assets.
[tex]\[ \text{Net Worth} = \text{Total Assets} - \text{Total Liabilities} \][/tex]
Plug in the calculated totals:
[tex]\[ \text{Net Worth} = 284,678 - 145,228 = 139,450 \][/tex]
Therefore, the carpenter's net worth is [tex]\(\$ 139,450\)[/tex]. The correct option is:
[tex]\[ \$ 139,450 \][/tex]
1. Calculate Total Assets: Add up all the values of the carpenter's assets.
[tex]\[ \text{Total Assets} = \text{Home Value} + \text{Owned Work Equipment} + \text{Car Value} + \text{Investments} \][/tex]
Plug in the given values:
[tex]\[ \text{Total Assets} = 175,742 + 3,365 + 44,346 + 61,225 = 284,678 \][/tex]
2. Calculate Total Liabilities: Add up all the amounts the carpenter owes.
[tex]\[ \text{Total Liabilities} = \text{Mortgage} + \text{Credit Card Balance} + \text{Truck Loan} \][/tex]
Plug in the given values:
[tex]\[ \text{Total Liabilities} = 76,765 + 2,055 + 66,408 = 145,228 \][/tex]
3. Calculate Net Worth: Subtract the total liabilities from the total assets.
[tex]\[ \text{Net Worth} = \text{Total Assets} - \text{Total Liabilities} \][/tex]
Plug in the calculated totals:
[tex]\[ \text{Net Worth} = 284,678 - 145,228 = 139,450 \][/tex]
Therefore, the carpenter's net worth is [tex]\(\$ 139,450\)[/tex]. The correct option is:
[tex]\[ \$ 139,450 \][/tex]
Your engagement is important to us. Keep sharing your knowledge and experiences. Let's create a learning environment that is both enjoyable and beneficial. Find clear answers at IDNLearn.com. Thanks for stopping by, and come back for more reliable solutions.