Suppose That Cathy's Assets Include an Automobile Worth $10,000 and a Checking

question 67

Multiple Choice

Suppose that Cathy's assets include an automobile worth $10,000 and a checking account with a $5,000 balance,while her liabilities include a student loan balance of $2,000 and a car loan balance of $8,000.What is her net worth?

• A)$10,000
• B)$8,000
• C)$5,000
• D)$2,000

---

Definitions:

Birds

Warm-blooded vertebrates characterized by feathers, beaks without teeth, and laying hard-shelled eggs.

Countercurrent Exchange

A mechanism in which fluids flow in opposite directions, exchanging properties (such as heat or chemical constituents) to maximize transfer rates.

Gills

Respiratory organs in certain aquatic organisms, allowing them to extract oxygen from water.

Gases

Substances that are in the state of matter characterized by having neither a defined volume nor shape, expanding to fill their container.