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
To calculate your total assets, you need to add up the value of your collections, savings, and subtract any outstanding debts.
Total Assets = Value of collections + Savings - Outstanding debts
In this case:
Value of collections (sneaker collection) = $2,000
Savings = $300
Outstanding debts (credit card balance) = $200
Total Assets = $2,000 + $300 - $200
Total Assets = $2,100
Therefore, your total assets amount to $2,100.
That is not the answer
Apologies for the incorrect response. Let's recalculate the total assets:
Total Assets = Value of collections + Savings - Outstanding debts
Value of collections (sneaker collection) = $2,000
Savings = $300
Outstanding debts (credit card balance) = $200
Total Assets = $2,000 + $300 - $200
Total Assets = $2,100 - $200
Total Assets = $1,900
Therefore, your total assets amount to $1,900.
NOPE
I apologize for the previous incorrect responses. Let's recalculate the total assets.
Total Assets = Value of collections + Savings - Outstanding debts
Value of collections (sneaker collection) = $2,000
Savings = $300
Outstanding debts (credit card balance) = $200
Total Assets = $2,000 + $300 - $200
Total Assets = $2,300 - $200
Total Assets = $2,100
Therefore, your total assets amount to $2,100.
It is not 2,100 or 1,900
Apologies for the confusion earlier. Let's recalculate the total assets accurately this time.
Total Assets = Value of collections + Savings - Outstanding debts
Value of collections (sneaker collection) = $2,000
Savings = $300
Outstanding debts (credit card balance) = $200
Total Assets = $2,000 + $300 - $200
Total Assets = $2,300 - $200
Total Assets = $2,100
Therefore, your total assets amount to $2,100. If this is not the correct answer, please provide more information or clarify the values so that I can assist you accurately.
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)
Responses
$2,300 $2,300
$2,000 $2,000
$500 $500
$2,500
Based on the information provided, the correct answer for your total assets would be:
$2,000 (value of sneaker collection) + $300 (savings) - $200 (credit card balance) = $2,100
Therefore, your total assets amount to $2,100.