Answered

The assets and liabilities of a veterinarian are listed below.

\begin{tabular}{|c|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]34,417
B. \[tex]$44,186
C. \$[/tex]78,603
D. \$98,820



Answer :

GinnyAnswer
To determine the value of the veterinarian's liquid assets, we need to identify the assets that can be quickly converted to cash. Typically, liquid assets include investments and items that have a readily determinable market value. In this case, the relevant items are:

1. Investments: \[tex]$34,417 2. Car Value: \$[/tex]44,186

Liquid assets are the sum of these values. Therefore, the calculation is:

[tex]\[ \text{Liquid Assets} = \text{Investments} + \text{Car Value} = \$34,417 + \$44,186 = \$78,603 \][/tex]

Therefore, the value of the veterinarian's liquid assets is [tex]\(\$78,603\)[/tex].

Other Questions