John's house is worth 180,000 and he owes $142,500 on it. Which statement best describes how this affects his net worth?
A. Jon's house is considered a liability only because he still owes money on it.
B. Jon has an $180,000 asset and a $142,500 liability.
C. Jon has a $142,500 asset and an $180,000 liability.
D. Jon's house is considered an asset only because it is worth more than he owes.
Answers (2)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “John's house is worth 180,000 and he owes $142,500 on it. Which statement best describes how this affects his net worth? A. Jon's house is ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
1/3 (92/5x-1/5) divided by 1/15
Answers (1)
Write an equivalent expression for 7x + 4x + 3-1
Answers (1)
An investment group compares returns on an account against the function represented in the table, where x is the time in years and f (x) is the total return on investment.
Answers (1)
If a farmer had 612 tomatoes and he put them in 100 baskets how many baskets did he fill completely?
Answers (1)
A scale drawing has a scale 1in = 10 ft. How long is a line on the drawing that represents an actual 47.5 ft?
Answers (1)
New Questions in Mathematics
A high school athletic department bought 40 soccer uniforms at a cost of $3000. After soccer season they returned some of the uniforms but only received $40 per uniform.
Answers (1)
A 1. Given f (x) = 2x + 1 and g (x) = 3x + 1, find: a) f (3) b) g (f (3)) c) g (3)
Answers (2)
Ruby has a collection of 16 stuffed animals. She gives 1/4 of her collection to her younger brother. Then she gives half of the remaining animals to her baby sister. How many animals does Ruby give her sister
Answers (1)
What is a decimal equivalent of the fraction 32/45
Answers (2)
Simplify 63 7/8 - 55 3/4
Answers (1)