Bao and Mary Jane Lee have a yearly income of $ 9 3 comma 8 4 2
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Question:
Bao and Mary Jane Lee have a yearly income of $ comma and own a house worth $ comma two cars worth a total of $ comma $ and furniture worth $ comma The house has a mortgage of $ comma and they have a car loan with an outstanding balance of $ comma Utility bills, totaling $ for this month, have not been paid. Calculate their net worth, and explain what it means.
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Part
The value of Bao and Mary Jane's total assets are $enter your response here. Round to the nearest dollar.
Part
The value of Bao and Mary Jane's total liabilities are $enter your response here. Round to the nearest dollar.
Part
The value of Bao and Mary Jane's net worth is $enter your response here. Round to the nearest dollar.
Part
What does the calculated net worth mean?Select the best choice below.
A
If the Lees sold off all their assets and paid off all their debts, they would have $ comma in cash.
B
If the Lees sold off all their assets and attempted to pay off all their debts, they would still owe $ comma
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