Debts or obligations of a business are known as liabilities. Indicate whether the statement is ...

Debts or obligations of a business are known as liabilities.
  Indicate whether the statement is true or false

Q. 2

A quality control process detected 16 defective products this week. If this number represents 2 of the total production, what was the total number of products produced this week?

Q. 3

Owner's Equity can also be called Capital, or Net Worth
  Indicate whether the statement is true or false

Q. 4

28 of Mari's Boutique sales are from paper products. If last month's sales from paper products were 26,100, what is the amount of total sales for the month? (Round to nearest dollar)