Homework Clinic

Social Science Clinic => Economics => Topic started by: joe on Apr 19, 2019

Title: During 2016, Yolanda's assets equal $400,000 and her liabilities were $550,000. Yolanda's net worth is
Post by: joe on Apr 19, 2019

Question 1

During 2016, Yolanda's assets equal $200,000 and her net worth is $50,000. Yolanda's liabilities are

◦ $50,000.
◦ $150,000.
◦ $200,000.
◦ $250,000.

Question 2

During 2016, Yolanda's assets equal $400,000 and her liabilities were $550,000. Yolanda's net worth is

◦ -$150,000.
◦ $150,000.
◦ $475,000.
◦ $950,000.

Title: During 2016, Yolanda's assets equal $400,000 and her liabilities were $550,000. Yolanda's net worth is
Post by: Brummell1998 on Apr 19, 2019

Answer 1

$150,000.

Answer 2

-$150,000.

Title: During 2016, Yolanda's assets equal $400,000 and her liabilities were $550,000. Yolanda's net worth is
Post by: joe on Apr 19, 2019

Thank you!

Title: During 2016, Yolanda's assets equal $400,000 and her liabilities were $550,000. Yolanda's net worth is
Post by: Brummell1998 on Apr 19, 2019

Always glad to help...