Patricia McDonald has determined the following information about her own financial situation.Her checking account is worth $545 and her savings account is worth $1,000.She owns her own home that has a market value of $119,000.She has furniture and appliances worth $8,500 and a laptop worth $1,200.She has a car worth $9,700 and owes $8,200 on her auto loan.She has also purchased some stock worth $5,500 and she has a retirement account worth $27,655.What is the total value of her assets?

Question

Quizplus · Accepted Answer

To calculate the total value of Patricia McDonald's assets, you add up the value of all her possessions and financial accounts: $545 (checking account) + $1,000 (savings account) + $119,000 (home) + $8,500 (furniture and appliances) + $1,200 (laptop) + $9,700 (car) + $5,500 (stock) + $27,655 (retirement account) = $173,100.

Patricia McDonald Has Determined the Following Information About Her Own