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Sagot :
Option b. $28000 is the correct answer. The net worth of the family is $28000
A person's or company's net worth is the value of their assets less the amount of liabilities they have. It is a crucial indicator for assessing a company's health because it offers a helpful overview of its financial situation. One's net worth, sometimes known as net wealth, is used in the financial industry to determine who qualifies for specific investment techniques or financial products like hedge funds, structured products, or other sophisticated or alternative investments.
Assets: $50000
Liabilities: $22000
Net worth = Assets - Liabilities = $50000 - $22000 = $28000
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