Taylor Has the Following Assets and Liabilities What Is the Value of Taylor's Liabilities?
A)$300,000
B)$303,000
C)$308,000

question 17

Multiple Choice

Taylor has the following assets and liabilities: $$\begin{array} { l l r } \text { Two cars } & \$ 15,000 \\\text { House } & \$ 400,000 \\\text { Mortgage } & \$ 300,000 \\\text { Cash } & \$ 1,000 \\\text { Car loans } & \$ 5,000 \\\text { Checking account balance } & \$ 3,000 \\\text { Credit card balance } & \$ 3,000\end{array}$$
What is the value of Taylor's liabilities?

• A)$300,000
• B)$303,000
• C)$308,000
• D)$311,000

---

Definitions:

Decision Cycle

The process of making and implementing decisions that includes stages such as identifying a problem, gathering information, evaluating alternatives, making a choice, and assessing the decision's effectiveness.

Social Science Research

The study of societies and the relationships among individuals within those societies, utilizing various methodologies to gather empirical data.

Managers

Individuals responsible for planning, organizing, leading, and controlling resources to achieve organizational goals.

Crowdsourcing

The practice of obtaining information or services by soliciting contributions from a large group of people, often from an online community.