Dixon, Inc. uses a standard cost system. On December 31, the last day of the accounting period, the account balances include the following: What is the net operating income on a standard cost income statement of the company for the year ended December 31?

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