The Roth family has liquid assets of $10,000, use assets of $150,000 and investment assets of $34,000. They also have liabilities totaling $108,000. If their total liabilities increase by $7,000 over the next year, by how much would the Roth family need to increase their assets in order to have a net worth of $100,000?

Answers

Answer 1

Answer: Assets=liability+owners equity
(10000+150000+34000)=(108000+7000)+100000
194000=115000+100000
194000=215000
194000+21000=215000
215000=215000
So the answer is 21000

Answer 2

Answer:

Answer: C. $21,000

Step-by-step explanation:

edge 2021

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