The assets and liabilities of a veterinarian are listed below.

\begin{tabular}{|l|l|}
\hline
Home Value & [tex]$\$[/tex] 490,986[tex]$ \\
\hline
Mortgage & $[/tex]\[tex]$ 89,100$[/tex] \\
\hline
Credit Card Balance & [tex]$\$[/tex] 6,691[tex]$ \\
\hline
Owned Work Equipment & $[/tex]\[tex]$ 98,820$[/tex] \\
\hline
Car Value & [tex]$\$[/tex] 44,186[tex]$ \\
\hline
Investments & $[/tex]\[tex]$ 34,417$[/tex] \\
\hline
Office Equipment Loan & [tex]$\$[/tex] 214,744[tex]$ \\
\hline
\end{tabular}

What is the value of the veterinarian's liquid assets?

A. $[/tex]\[tex]$ 34,417$[/tex]
B. [tex]$\$[/tex] 44,186[tex]$
C. $[/tex]\[tex]$ 578,603$[/tex]
D. [tex]$\$[/tex] 598,820$



Answer :

To determine the liquid assets of the veterinarian, we’ll begin by identifying which of the listed assets can be considered liquid. Liquid assets are those that can be quickly and easily converted to cash without significant loss in value. In this context, investments and car value are typically regarded as liquid assets.

Here's how the total liquid assets are calculated step-by-step:

1. Identify the liquid assets:
- Investments: \[tex]$34,417 - Car Value: \$[/tex]44,186

2. Add the liquid assets together:
[tex]\[ \text{Total Liquid Assets} = \text{Investments} + \text{Car Value} \][/tex]

3. Substitute the values and sum them:
[tex]\[ \text{Total Liquid Assets} = 34,417 + 44,186 = 78,603 \][/tex]

Therefore, the value of the veterinarian's liquid assets is \[tex]$78,603. Among the provided choices: 1. \$[/tex]34,417
2. \[tex]$44,186 3. \$[/tex]78,603
4. \$98,820

The correct answer is:
[tex]\[ \boxed{78,603} \][/tex]