Net worth

Front

Property owned by a person or company, regarded as having value is an __________

Back

asset

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Front

Assets - Liabilities = __________

Back

net worth

Tags

CCSS.7.RP.A.3

Front

What is another word for house payment?

Back

Mortgage

Tags

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RL.7.4

CCSS.RL.8.4

Front

You can have negative Net Worth. True or False?

Back

True

Tags

CCSS.6.NS.C.7C

Front

If Assets = $20,000 and Liabilities = $50,000, what is the net worth?

Back

- $30,000

Tags

CCSS.7.EE.B.3

Front

What is the definition of liabilities?

Back

Liabilities are financial obligations or debts owed to others.

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Front

What does net worth represent?

Back

Net worth represents the difference between total assets and total liabilities.

Tags

CCSS.6.NS.C.5

Front

If you have $10,000 in assets and $5,000 in liabilities, what is your net worth?

Back

$5,000

Tags

CCSS.7.NS.A.1B

Front

What is an example of an asset?

Back

Cash, real estate, stocks, or personal property.

Front

What is an example of a liability?

Back

Loans, mortgages, credit card debt.