Given the Following, What Is the Individual's Net Worth

question 69

Multiple Choice

Given the following, what is the individual's net worth?

• A)$11,810
• B)$11,410
• C)$10,910
• D)$6,810
• E)$6,500

---

Definitions:

Eliminate

To completely remove or get rid of something, such as expenses, debts, or items from a list or inventory.

Average Daily Float

The average amount of uncollected funds in a bank account over a specified period.

Cheques

A document that orders a bank to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued.

Collection Delay

The period between when a company invoices its customers and when it actually receives payment, affecting the company's cash flow.