Answer:
b) update the Retained Earnings account.
Step-by-step explanation:
A major purpose of preparing closing entries is to - update the Retained Earnings account.
Retained earnings are defined as those profits, that a company has earned to date minus any dividends or other money paid to investors.
Whenever we make an entry to the accounting records, that affects a revenue or expense account, this retained earning amount is adjusted.
Wait i’m confused on how this equation is modeled i’m sorry do you have a picture? i wanna be sure i answer this right.
Hello,
Question- What is 16.437 rounded to the nearest whole number
Answer- 16
Well to round up to higher numbers you need to have a 5 or higher and it seems that 16.(4)37 so that 4 is lower than a 5 in that case you will stay with 16!
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Answer:
the minimum sample size n = 11.03
Step-by-step explanation:
Given that:
approximate value of the population standard deviation 
= 49
level of significance ∝ = 0.01
population mean = 38
the minimum sample size n = ?
The minimum sample size required can be determined by calculating the margin of error which can be re[resented by the equation ;
Margin of error = 
n ≅ 11.03
Thus; the minimum sample size n = 11.03
