Sherbrooke Inc

question 32

Multiple Choice

Sherbrooke Inc.reported sales of $10,000,000, net income of $800,000, and dividends of $200,000.What is the increase in their retained earnings for the year?

• A)$600,000
• B)$800,000
• C)$1,000,000
• D)$10,000 000

---

Definitions:

Confidence

The degree to which one can feel assured or certain about an inference or prediction, often expressed as a percentage.

Null Hypothesis

A default hypothesis that there is no effect or no difference, and it is subjected to a test to determine the likelihood of its accuracy.

P-Value

The probability that the observed results happened by chance if the null hypothesis of a study is true.

Age Groups

Categories of populations divided according to age to simplify analysis and understanding of demographic information.