Darlene Elkin Has the Following Financial Amounts: Checking Accounts $850

question 88

Short Answer

Darlene Elkin has the following financial amounts: checking accounts $850, savings account $3,500, credit card balance $300, jewelry $1,600, real estate valued at $78,000, a mortgage on the real estate of $23,000. What is the total of Darlene's assets? What actions could she take to increase her net worth?

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Definitions:

Purchasing Assets

The act of acquiring goods or property that have value and can generate income or appreciate over time.

Herfindahl Index

A measure of the size of firms in relation to the industry and an indicator of the amount of competition among them.

Market Shares

The percentage of total sales or total demand in an industry attributed to a particular company over a specified period.

Buyer-Seller Relationships

The interactions and associations between individuals or businesses engaging in the exchange of goods and services.