Katherine Kosher has determined the following information about her own finansial situation.Her checking account is worth $850, and her savings account is worth $1200.She owns her own home that has a market value of $98,000.She has furniture and appliance worth $12,000 and home computer and laptop worth $3300.She has a car worth $12,500.She has also purchased some stock worth $5500, and she has a retirement account worth $38,550.What is the total value of her assets
a) $98,000
b)$27,800
c)$44,050
d)$171,900
IS D CORRECT?THANK YOU
yes,it is right, but she had to figure her liabilites also..
To determine the total value of Katherine Kosher's assets, we need to add up the value of her checking account, savings account, home, furniture and appliances, car, stock, and retirement account.
Checking account: $850
Savings account: $1200
Home: $98,000
Furniture and appliances: $12,000
Home computer and laptop: $3,300
Car: $12,500
Stock: $5,500
Retirement account: $38,550
Now, let's add these values together:
$850 + $1200 + $98,000 + $12,000 + $3,300 + $12,500 + $5,500 + $38,550 = $171,900
Therefore, the correct answer is (d) $171,900.