In addition to supply and demand for labor, supply and demand for products and services also affect internal structures.

Answer the following statement true (T) or false (F)


True

Business

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All Social Security retirement benefits are non-taxable

Indicate whether the statement is true or false

Business

Scott was involved in an auto accident in which he was at fault. His own car sustained $2,380 damages and the other vehicle cost $2,748 to repair. Scott was not injured, but the driver of the other car required medical treatment costing $32,180. Scott's policy includes 10/20/5 liability, $250 deductible collision, and full coverage comprehensive. How much of the damages must the insurance company

pay? A) $14,878 B) $22,430 C) $32,180 D) $37,308

Business

The balances in Sanchez Accounting Services' office supplies account on February 1 and February 28 were $1000 and $500, respectively. If the office supplies expense for the month is $1200, what amount of office supplies was purchased during February?

A. $1500. B. $700. C. $500. D. $1000. E. $1700.

Business

________ is a statement of a firm's financial position on a particular date and is known as a statement of financial position

A) Cash flow statement B) Balance sheet C) Income statement D) Expense report E) Profit and loss statement

Business