skye listed her assets and liabilities on a personal balance sheet.\nskyes balance sheet (april 2013)\n|…

skye listed her assets and liabilities on a personal balance sheet.\nskyes balance sheet (april 2013)\n| assets | | liabilities | |\n| ---- | ---- | ---- | ---- |\n| cash | $1,000 | credit card | $4,000 |\n| investments | $1,000 | student loan | $1,000 |\n| house | $200,000 | mortgage | $100,000 |\n| car | $8,000 | car loan | $5,000 |\n| total |??? | total |??? |\nnet worth:???\nwhat is skyes net worth?\n$100,000\n$110,000\n$210,000\n$320,000

skye listed her assets and liabilities on a personal balance sheet.\nskyes balance sheet (april 2013)\n| assets | | liabilities | |\n| ---- | ---- | ---- | ---- |\n| cash | $1,000 | credit card | $4,000 |\n| investments | $1,000 | student loan | $1,000 |\n| house | $200,000 | mortgage | $100,000 |\n| car | $8,000 | car loan | $5,000 |\n| total |??? | total |??? |\nnet worth:???\nwhat is skyes net worth?\n$100,000\n$110,000\n$210,000\n$320,000

Answer

Explanation:

Step1: Calculate total assets

$1000 + 1000+200000 + 8000=210000$

Step2: Calculate total liabilities

$4000+1000 + 100000+5000=110000$

Step3: Calculate net - worth

Net worth = Total assets - Total liabilities, so $210000-110000 = 100000$

Answer:

$100000$