The following information is available for zephyr company before closing the accounts. after all of the closing entries are made, what will be the balance in the retained earnings account? net income $ 115,000 retained earnings 110,000 dividends 39,000

Royal motor corp. generates a major portion of its revenues by manufacturing luxury sports cars. however, the company also derives an insignificant percent of its annual revenues by selling its sports merchandise that includes apparel, shoes, and other accessories under the same brand name. which of the following terms best describes royal motor corp.? a. aconglomerate b. a subsidiary c. adominant-businessfirm d. a single-business firm