Maxwell has $10,000 in the bank, a $250,000 home, and investments worth $8,000. He also has $8,000 worth of credit card debt and a $175,000 home loan. Maxwell wants to know his net worth. He adds all of his assets together and determines his net worth is $268,000. Evaluate Maxwell's determination.
His calculations are correct.
He forgot to include one of his assets.
He forgot to deduct his liabilities.
He included one asset as a liability.
Stacey Warren - Expert brainly.com
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How much are his assets @Sdelgado95 ?
Idk I'm no good at this
It's not D @Sdelgado95, take another guess
yes, correct :)
Thank you two!!!
Do you know why it is C?
Noooo can u explain pls
So, he has:
$10,000 in bank
Because he added all his assets, but he did not deduct his debt and loan
That is his assets, but he did not deduct liabilities:
The assets-liabilities = net worth
Tom's new credit card has a $35 annual membership fee due in September. In August, Tom received a credit card bill totaling $45 and was only able to pay the $20 minimum payment before the due date. How much balance will show up on Tom's credit card in September if the introductory APR of 0% still applies and the late fee is $30?
Do you all know what kind of questions these are
I have this under math models
Well, if the APR is still 0%, then we are working with our basic fees, no interest.
But since I work online I have no one teaching me how to work these out
So, he paid 20 of the 45.
Late fee is 30