the worthingtons love to travel, so when they retired they sold their house and purchased a motor home valued at $165,000. they tow their car, valued at $32,000 behind their motor home when they travel. the worthingtons have medical bills totaling $1,300 and a balance of $3,000 on credit cards. since they invested for retirement, the worthingtons have $200,000 in investments and an additional $20,000 in their savings account. what is the worthingtons’ net worth?

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17-08-2022
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the worthingtons love to travel, so when they retired they sold their house and purchased a motor home valued at $165,000. they tow their car, valued at $32,000 behind their motor home when they travel. the worthingtons have medical bills totaling $1,300 and a balance of $3,000 on credit cards. since they invested for retirement, the worthingtons have $200,000 in investments and an additional $20,000 in their savings account. what is the worthingtons’ net worth?

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yogeshkumar49685 yogeshkumar49685 · Answer 1 · 2022-08-29T06:50:39-04:00

If Worthingtons have motor home of $165000,$32000 of car, $1300 of medical bills. credit cards be $3000, investments of $200000, $20000 in savings accounts then the net worth of Worthingtons is $412700.

Given that Worthingtons have motor home of $165000,$32000 of car, $1300 of medical bills. credit cards be $3000, investments of $200000, $20000 in savings accounts.

We are required to find the net worth of Worthingtons.

Asset is nothing but all the things that business owns.

Liabilities refers to total of those amounts that the business has to pay.

Net worth=Value of motor home+Value of car+Value of investments +Amount in savings account-Amount of pending medical bills-Amount pending for credit cards.

=165000+32000+200000+20000-1300-3000

=$412700

Hence if Worthingtons have motor home of $165000,$32000 of car, $1300 of medical bills. credit cards be $3000, investments of $200000, $20000 in savings accounts then the net worth of Worthingtons is $412700.

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