Question 7 • (Kapuschinsky)WCA 3424 Consumer Applications 1st nine weeks 26-27
The listed assets total $192,000: $110,000 + $27,000 + $5,000 + $50,000. The liabilities total $91,000: $8,700 + $80,000 + $2,300, so current net worth is $101,000. Adding $1,000 in credit card debt raises liabilities to $92,000 and lowers net worth to $100,000, so the correct choice is adding $1,000 in credit card debt.
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