Net Worth is equal to assets minus liabilities. Which event will have the greatest impact (positive or negative) on one's net worth?
Pay off $4,000 of school loans with cash
Go on a vacation that costs $3,500
Buy a new car at market value for $15,000. Car depreciates 20% upon transfer of ownership from the dealer to the buyer.
Finance a used car at market value for $16,000
Inherit $2,000 from a relative

Question

20-11-2017
Business

contestada

Net Worth is equal to assets minus liabilities. Which event will have the greatest impact (positive or negative) on one's net worth?
Pay off $4,000 of school loans with cash
Go on a vacation that costs $3,500
Buy a new car at market value for $15,000. Car depreciates 20% upon transfer of ownership from the dealer to the buyer.
Finance a used car at market value for $16,000
Inherit $2,000 from a relative

Respuesta :

ACCESS MORE ACCESS MORE ACCESS MORE ACCESS MORE

Otras preguntas

From the top of a 100 ft air traffic control tower, an airplane is observed flying in at an angle of 32\displaystyle \degree°. If the airplane is 3000 feet away

The students ................. their classroom. It's still dirty. (not/to tidy).didn't tidyhaven't tidiedhaven't tidyhaven't tided

You and a friend go to Tacos Galore for lunch. You order three soft tacos and five burritos and your total bill is $17.75. Your friend orders four soft tacos an

PLEASE ANSWER What is the perimeter of the parallelogram?

Bacteria in a population might have a trait that enables them to survive when a particular antibiotic is present. These bacteria can reproduce quickly and pass

Find the Area please. 9in, 5in, 4in, 6in, 4in, 10in, 6in, 8in, 18in

Plz, help me with this question!

On Sunday, the high temperature was 71° F, but on Monday it was 5° F lower. What was the percent change?

Allie must sell at least 60 gift baskets for the band fund-raiser. She already sold 48 baskets. Enter and solve an inequality to determine how many more baskets

If your heart beats 24 times in 20 seconds, which proportion could be used to make the best estimate for the number of beats in 30 seconds?

andriansp andriansp · Answer 1 · 2017-12-03T19:23:41+01:00

The answer is Go on a vacation that costs $3,500

Paying off money for buying a car will not decrease your net worth as you get the car as assets for the money you use. But the depreciates 20% will cause you to lose $3,000 assets. Assuming you are not buying assets at all, go on a vacation that costs $3,500 will increase liability.
Paying up bills will decrease your asset but it also decreases your liability to the net worth wouldn't change.