Dora has a home currently worth $150,000, for which she still owes $75,000 on her mortgage. She has $8,000 in student loan debt and $10,000 in credit card debt. She likes to keep a large emergency fund, so she has $15,000 in a savings account. Her annual salary this year will be $64,000. What is Dora’s net worth?

Dora’s net worth is $72,000.

Step-by-step explanation:

The net worth of a person can be described as the value of financial and non-financial assets owned by a person minus the total outstanding liabilities or debts of that person.

Given the following:

Home owned = $150,000

Mortgage owed on home = $75,000

Student loan = $8,000

Credit card debt = $10,000

Savings account balance = $15,000

Annual salary = $64,000

Dora’s net worth can therefore be calculated as follows:

Total assets = Home owned + Savings account balance = $150,000 + $15,000 = $165,000

Total liabilities = Mortgage owed on home + Student loan + Credit card debt = $75,000 + $8,000 + $10,000 = $93,000

Net worth = Total assets - Total liabilities = $165,000 - $93,000 = $72,000

Therefore, Dora’s net worth is $72,000.

Note that annual salary is not included as part of the asset. This is because the net worth of a person is not about income or salary. As already defined above, the net worth of a person is about the assets he already owned and liabilities already incurred. Therefore, net worth calculation considers savings, investments, and debts.

answer:  

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step-by-step explanation: easy

it will cost dollar $540

the living room is 3 which means if we divide 325/3 then we get $108

therefore if 1part of the living room cost $108 and 3 costed $325

then total 5part of the room will cost 5*108 which gives $540