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\begin{tabular}{|l|l|}
\hline Owned Inventory & [tex]$\$[/tex] 32,500[tex]$ \\
\hline Cash & $[/tex]\[tex]$ 75,420$[/tex] \\
\hline Building Mortgage & [tex]$\$[/tex] 154,265[tex]$ \\
\hline Savings Account & $[/tex]\[tex]$ 25,000$[/tex] \\
\hline Owned Equipment & [tex]$\$[/tex] 15,670[tex]$ \\
\hline Small Business Loan & $[/tex]\[tex]$ 15,652$[/tex] \\
\hline Other Debt & [tex]$\$[/tex] 1,235[tex]$ \\
\hline Accounts Receivable & $[/tex]\[tex]$ 12,540$[/tex] \\
\hline Property Value & [tex]$\$[/tex] 125,768[tex]$ \\
\hline
\end{tabular}

What is the total value of the ice cream shop owner's business assets?

A. $[/tex]\[tex]$ 125,768$[/tex]

B. [tex]$\$[/tex] 171,152[tex]$

C. $[/tex]\[tex]$ 274,358$[/tex]

D. [tex]$\$[/tex] 286,898$



Answer :

GinnyAnswer
Let's calculate the total value of the ice cream shop owner's business assets by considering each type of asset listed. We will add up the values for Owned Inventory, Cash, Savings Account, Owned Equipment, Accounts Receivable, and Property Value.

Here is a step-by-step breakdown:

1. Owned Inventory: \[tex]$32,500 2. Cash: \$[/tex]75,420
3. Savings Account: \[tex]$25,000 4. Owned Equipment: \$[/tex]15,670
5. Accounts Receivable: \[tex]$12,540 6. Property Value: \$[/tex]125,768

Now, we sum these values:

[tex]\[ 32,500 + 75,420 + 25,000 + 15,670 + 12,540 + 125,768 \][/tex]

Adding these together:

[tex]\[ 32,500 + 75,420 = 107,920 \][/tex]
[tex]\[ 107,920 + 25,000 = 132,920 \][/tex]
[tex]\[ 132,920 + 15,670 = 148,590 \][/tex]
[tex]\[ 148,590 + 12,540 = 161,130 \][/tex]
[tex]\[ 161,130 + 125,768 = 286,898 \][/tex]

So, the total value of the ice cream shop owner's business assets is:
[tex]\[ \boxed{286,898} \][/tex]

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