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AURORKA
3 months ago
11

Vijay owns a house worth $250,000 with a mortgage of $150,000. He has $3,000 in stock investments and $1,700 in a checking accou

nt. He owns a piano worth $1,800. He also owns a car worth $18,000 and owes $6,000 in car loans. Vijay wants to create a net worth statement. What are Vijay’s total assets, liabilities, and net worth? :v ​
Mathematics
1 answer:
lawyer [12.5K]3 months ago
7 0

Answer:

Total assets amount to $274,500

Total liabilities stand at $156,000

Thus, net worth equals $118,500

Step-by-step explanation:

Vijay’s assets include his house, stock investments, checking account balance, piano, and car.

Total assets=$250,000+$3,000+$1,700+$1,800+$18,000=$ 274,500.00

Vijay’s liabilities consist of debts owed to others, including the mortgage and car loans.

Total liabilities=$150,000+$6,000=$156,000

Net worth is calculated as total assets minus total liabilities=$274,500-$156,000=$118,500.00

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