Can anyone help me with 5 questions please I will MEDAL and FAN

Question

thecuteone25 · Answer

1.
 
(1 pt)	
Elise gathered details about her finances to create a financial assets and liabilities record. Which represents one of her liabilities?
 
 A.
her checking account balance of $2827
 
 B.
her jewelry valued at $1375
 
 C.
balance of $9460 on her auto loan
 
 D.
rental property valued at $132,000

thecuteone25 · Answer

@skatergirl147 I don't know you but can you please help me

mathmale · Answer

Think about what "valued" and "balance on loan" mean in this context.

thecuteone25 · Answer

I think that it is D

mathmale · Answer

Please don't respond with "I think it's this or that."  What's important is that you learn how to find the answer and to present it with confidence that you KNOW it, not think it.

Why D?

thecuteone25 · Answer

I feel that it is D cause liabilities is like a thing for which someone is responsible, especially a debt or financial obligation.

mathmale · Answer

Is rental property valued at $132,000 a liability?  I'd be happy to own that rental property.

thecuteone25 · Answer

so A then cause if you own jewelry isn't that a liability?

anonymous · Answer

C. The car is not yours until you pay off the loan balance to the lender or auto dealer.

thecuteone25 · Answer

oh ok thank you so much