Wildhorse Co. reported net sales $ 920,000; cost of goods sold $ 598,000; operating expenses $ 241,500; and net income $ 78,200. Calculate the profit margin and gross profit rate. (Round answers to 1 decimal place, eg. 10.2%.)

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Which statement best defines tuition? tuition is federal money awarded to a student. tuition is aid given to a student by an institution. tuition is money borrowed to pay for an education. tuition is the price of attending classes at a school.

For the year ended december 31, a company has revenues of $323,000 and expenses of $199,000. the company paid $52,400 in dividends during the year. the balance in the retained earnings account before closing is $87,000. which of the following entries would be used to close the dividends account?