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.
47.5% in decimal form is 0.475.
Since the price was increased, we add 1 to 0.475 to get 1.475.
80 * 1.475 = 118
Another way to solve this is to multiply 80 by 0.475, which is 38, then add it to 80.
The retail price of the shoes is $118.
Answer:
x = 122 degrees
Step-by-step explanation:
Answer:
x=11
Step-by-step explanation:
48-4=44
44/4=11
x=11
11+1=12
12•4= 48
Answer:
the given value <u>is</u> a solution of the inequality
Step-by-step explanation:
12 + m ≥ -4 if m = -3
12 + (-3) ≥ -4
9 ≥ -4
9 is greater than or equal to -4
