What kind of net worth does this person have?
item value ($)
house debt 32,695
car (paid off) 7,000
cash 728.65
savings 3,415
borrowed from parents 2,680
credit card debt 1,207.80
jewelry (owned) 900
question 5 options:

a. positive net worth

b. negative net worth
don't guess or no

Net value is the total of everything owned minus what is owed for example:

His assets are:

car $7,000

cash $72,865

savings $3,415

jewelry $900

His liabilities are:

house dept $32,695

borrowed from parents $2,680

credit card dept $1,207.80

So his assets add up to $84,180

While his liabilities add up to $36,582.20

Now that we have our assets and liabilities we will subtract them:

84,180.00

-36,180.80

47,597.20

So here we now know that his net worth is $47,597.20 which means he has a. positive net worth.

Hope this helps! ^^

HUH?

Step-by-step explanation: