Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. the roth family has liquid assets of $10,000, use

The Roth family has liquid assets of $10,000, use assets of $150,000 and investment assets...

60.1K

Verified Solution

Question

Basic Math

image

The Roth family has liquid assets of $10,000, use assets of $150,000 and investment assets of $34,000. They also have liabilities totaling $108,000. If their total liabilities increase by $7,000 over the next year, by how much would the Roth family need to increase their assets in order to have a net worth of $100,000?(a) $7,000(b) $14,000(c) $21,000(d) $28,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Advance Math
1.2K views

Write the first three non-zero terms of the Taylor series of sin x near x0 =...

Chemistry
1.2K views

The average human body contains 5.70 L of blood with a Fe2+ concentration of 2.10×10−5M ....

Biology
1.2K views

Part I: Mitosis Where are the chromosomes during metaphase? What happens to the nuclear envelope during prophase?...

Physics
1.2K views

Electrons are initially traveling at 2.40×106 m/s in the horizontal direction. They enter a region between...

Geometry
1.2K views

You pick a card at random 6 7 7 8 9 What is P divisor...

Geometry
1.2K views

The length of the arc is m Simplify your answer Type an exact answer in...

Calculus
1.2K views

Use a Venn diagram If n A 11 n B 1 n AV B

Accounting
1.2K views

Alex Incorporated manufactures a product with a selling price of $50 per unit. Units and...

Accounting
1.2K views

Pharoah Company has these comparative balance sheet data: \table[[\table[[Pharoah Company],[Balance Sheets],[December 31]]],[,2022,2021],[Cash,$15,000,$30,000 ...

Accounting
1.2K views

Following in the Balance Sheet of Navrang Co. Ltd., as on 31st December 2020. ...

Accounting
1.2K views

Entries for issuing bonds and amortizing discount by straight-line method On the...

Accounting
1.2K views

GIST of ISA 701 (8 marks) brief explain