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Rosetta listed her assets and liabilities on a personal balance sheet.

Rosetta’s Balance Sheet (April 2013)
Assets
Liabilities
cash
$900
credit card
$4,000
investments
$1,100
student loan
$2,000
house
$150,000
mortgage
$100,000
car
$8,000
car loan
$5,000
Total

Total


If Rosetta sells her house and pays off the mortgage, how much should she receive (assuming there are no other costs associated with selling the house)?
$42,000
$50,000
$52,000
$60,000

Respuesta :

Answer:

$50,000

Step-by-step explanation:

The computation of the amount received after paying off the mortgage is shown below

= Value of the house - mortgage amount

= $150,000 - $100,000

= $50,000

By deducting the mortgage amount from the value of the house we can get the amount received and the same is shown in the computation part

Since in the question it is given that the Rosetta sells her house and paid off mortgage so only these two items are considered and others are to be ignored

tmlrocks1224

Answer:

B.) $50,000

Step-by-step explanation:

Because I said so aaaandddd because its correct the work don't lie.

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