You have a sneaker collection worth $2,000, and you have $300 in your savings account. But you also have a credit card balance of $200. What are your total assets?(1 point)
Total assets can be calculated by summing up the value of your sneaker collection, your savings account balance, and subtracting the credit card balance.
Total assets = Sneaker collection worth + Savings account balance - Credit card balance
= $2,000 + $300 - $200
= $2,100
Therefore, your total assets are $2,100.