Answer:
B
Step-by-step explanation:
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.
- x intercept=a=3
- y intercept=b=-2
We need the normal form first


Multiply by 6to bring standard form

X - number of customers

There can't be a fraction of the number of people, so there must be some mistake in the question.
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Life expectancy of dollar bill = d
life expectancy of coin = c
d = 1/20 c
substitute value in for c (30)
d = 1/20 * 30
d = 30/20
d = 1.5
life expectancy of a dollar bill = 1.5 years