Joaquin has $1,300 in the bank and has investments worth $4,000. He also has $7,000 worth of credit card debt. What is Joaquin's net worth

Question

02-09-2016
Mathematics

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Joaquin has $1,300 in the bank and has investments worth $4,000. He also has $7,000 worth of credit card debt. What is Joaquin's net worth

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Xzibition Xzibition · Answer 1 · 2016-09-02T18:39:59+02:00

Xzibition Xzibition

02-09-2016

$7,000 + $5,300 = $12,300

Total amount in bank = $1,300
Account Receivable = $4,000
Money available on account = $7,000

$7,000 + $4,000 = $11,000 + $1,300 = $12,300

Joaquin's net worth is $12,300.

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