https://file.aiquickdraw.com/mathbot/file/17295122889381gqzvp03.jpg

Let's break down the information from the image to calculate Bao and Mary Jane Lee's net worth.

### 1. Total Assets
- **House:** $101,300
- **Cars:** $23,733
- **Furniture:** $9,869

Thus, the total assets are:
\[
\text{Total Assets} = 101,300 + 23,733 + 9,869 = 134,902
\]

### 2. Total Liabilities
- **Mortgage:** $55,710
- **Car Loan:** $5,834
- **Unpaid utility bills:** $138

Thus, the total liabilities are:
\[
\text{Total Liabilities} = 55,710 + 5,834 + 138 = 61,682
\]

### 3. Net Worth
The net worth is calculated as:
\[
\text{Net Worth} = \text{Total Assets} - \text{Total Liabilities}
\]
\[
\text{Net Worth} = 134,902 - 61,682 = 73,220
\]

### Explanation:
- **Total Assets** represent everything Bao and Mary Jane Lee own.
- **Total Liabilities** represent everything they owe.
- Their **Net Worth** ($73,220) is what they would have left if they sold all their assets and paid off all their debts.

The correct answer for the multiple-choice question is **B**: If the Lees sold all their assets and paid off all their debts, they would have $73,220 in cash.

Would you like more detailed steps or clarifications?

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### Related Questions:
1. What would happen to their net worth if their house value increased by 10%?
2. How would their net worth change if they paid off their car loan?
3. What happens to the net worth if they acquire more debt but don't increase assets?
4. How would a $5,000 reduction in the mortgage affect their net worth?
5. How can they increase their net worth without acquiring new assets?

#### Tip: 
To improve net worth, focus on reducing liabilities and investing in appreciating assets like real estate or stocks.

Bao and Mary Jane Lee have a yearly income of $79,000 and own a house worth $101,300, two cars worth a total of $23,733 and furniture worth $9,869. The house has a mortgage of $55,710 and they have a car loan with an outstanding balance of $5,834. Utility bills, totaling $138 for this month, have not been paid. Calculate their net worth, and explain what it means.

Learn how to calculate the net worth of Bao and Mary Jane Lee by analyzing their assets and liabilities. This problem involves basic financial concepts such as total assets, liabilities, and calculating net worth. The assets include their house, cars, and furniture, while liabilities include mortgages, loans, and unpaid bills.

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