During the past month, Jennifer Ernet had income of $3,000. During the month, her net worth declined by $200. If no other financial activities occurred, this means Jennifer's payments for the month were_____________.a. 3200b. 3000c. 2800d. 200e. 0

Respuesta :

Answer:

a. 3200

Explanation:

The net worth of an entity/individual is the difference between the individual's assets and liabilities. Income earned increases a person's net worth.

As such where income earned is $3,000 and her net worth declined by $200 and there was a decline in net worth and no other financial activities occurred, this means Jennifer's payments for the month was $200 more than her net income the previous month.

Her payment during the month

= $3000 + $200

= $3200

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