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Phydeaux Phydeaux
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Posts: 541
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6 years ago
On January 1st 2014, Rob had $1,000 in his wallet, owed $5,000 on his VISA card and another $2,000 on his MasterCard. He had no other assets or liabilities. Rob earned $10,000 during the year and spent $12,000. His wealth on December 31st, 2014 was
A) - $6,000.
B) - $8,000.
C) - $5,000.
D) + $4,000.
E) + $8,000.
Textbook 
Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
Author:
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