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Levart [38]
3 years ago
14

A major purpose of preparing closing entries is to a) adjust the asset accounts to their correct current balances. b) update the

Retained Earnings account. c) close out the Supplies account. d) zero out the liability accounts.
Mathematics
1 answer:
babunello [35]3 years ago
5 0

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.

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A) A=500(1+0.015)^t
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3 0
3 years ago
Find the radius of a circle whose circumference is 31.4 centimeters. Approximate Π as 3.14.
sladkih [1.3K]

The circumference of every circle is   (pi) times (diameter).

The diameter is (2 x radius), so we can write

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The question gives us the circumference, and the number to use for (pi).
I shall now pluggum in:

                  (31.4 cm)  =  (3.14) x (2 x radius)

Divide each side by  3.14:       (31.4 cm)/(3.14)  =  2 x radius

Divide each side by 2 :            (31.4 cm) / (2 x 3.14)  =  radius

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8 0
2 years ago
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Do 2 or more shapes with the same perimeter have to have the same area? Explain with examples. AND Do 2 or more shapes with the
Murljashka [212]
Yes. Take for example a square and an ellipsis with the same perimeter. The family of ellipses with the same perimeter can have any area between that of a circle to zero (if it is extremely “thin” i.e. if its eccentricity is large). The circle has the maximum area of any other shape with the same perimeter, so the square has the same area of one of the intermediate ellipses.

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In triangle XYZ, let angle Y be a right angle, mZ = 54°, and YZ = 361. Find the area of the
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Answer:

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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