You have a sneaker collection where $2000. 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 would add the value of your sneaker collection, the amount in your savings account, and any positive balance on your credit card.
Total assets = Sneaker collection ($2000) + Savings account ($300) + Credit card balance ($200)
Total assets = $2000 + $300 + $200
Total assets = $2500