The total value of Mikhail’s assets is $37,428, and the total balance of his liabilities is $42,110. What is Mikhail’s net worth???????????
To find Mikhail's net worth, we need to subtract his total liabilities from his total assets.
Net Worth = Total Assets - Total Liabilities
Net Worth = $37,428 - $42,110
Calculating the difference:
Net Worth = -$4,682
Therefore, Mikhail's net worth is -$4,682.
wrong
Apologies for the incorrect response. Let's recalculate it correctly.
Net Worth = Total Assets - Total Liabilities
Net Worth = $37,428 - $42,110
Calculating the difference:
Net Worth = -$4,682
However, net worth cannot be negative. In this case, it means that Mikhail's liabilities exceed his assets, indicating a negative net worth. It might indicate a financial deficit or debt.
still wrong
Apologies for the mistakes in the previous response. Let's recalculate the net worth correctly.
Net Worth = Total Assets - Total Liabilities
Net Worth = $37,428 - $42,110
Calculating the difference:
Net Worth = -$4,682
In this case, since the total liabilities exceed the total assets, Mikhail has a negative net worth of $4,682.