Question

The Thompson family made this table when finding their net worth. Use this table to answer the question. Assets Value Liabilities Value Checking and Savings $2,378 Auto Loan $4,502 Automobile $8,765 Credit Cards $435 House Value $135,000 Mortgage $51,208 Furniture, etc. $13,900 Other Loans $1,234 Miniature Collection $238 What are the total assets? $160,281 $165,782 $167,345 $170,890

Answer 1

160,281

Explanation:

Just add the assets together.

Answer 2

$160,281

Explanation:

Assets Value Liabilities Value

Checking and Savings $2,378 Auto Loan $4,502

Automobile $8,765 Credit Cards $435

House Value $135,000 Mortgage $51,208

Furniture, etc. $13,900 Other Loans $1,234

Miniature Collection $238

Their total assets is obtained adding the values of each asset, as follows:

$2,378 + $8,765 + $135,000 + $13,900 + $238 = $160,281