Answer:
Option D : all of the above is the answer.
Step-by-step explanation:
Net worth = Assets - liabilities
The assets are :
Cash of $300.
Car valued at $28,000.
Motorcycle valued at $6,000.
Savings of $2,000.
Total = [tex]300+28000+6000+2000=36300[/tex] dollars.
The liabilities are :
Car loan of $22,000.
Credit card balances of $4,000.
Student loan of $10,000.
Total = [tex]2000+4000+10000=36000[/tex] dollars
Net worth = [tex]36300-36000=300[/tex] dollars
So, if we put $100 in savings it will increase the net worth by $100 as it is an asset.
If we pay $100 on credit cards, it will also lower the liability by $100 and increase the net worth by $100.
And if you are getting paid $100, its an asset, so your net worth increases.
Therefore, option D : all of the above is the answer.
