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?
a.
$7,000
b.
$14,000
c.
$21,000
d.
$28,000

c.21,000

Step-by-step explanation:

c.$21,000

Step-by-step explanation:

In order to solve this you just have to add up assets and liabilities, assets are the money or worth they own, and liabilities are the things htey owe, so assets are:

Liquid: $10,000

Investments: $34,000

Use Assets: $150,000

Total assets: $194,000

Liabilities:108,000+7,000: 115,000

Net worth: $194,000-$115,000= $79,000

So in order to have a net worth of $100,000 they will need to increase their assests in $21,000.

step-by-step explanation: