Lamar is a salesperson for bi-state direct. he really appreciates the amount of freedom and authority bi-state gives its sales people in order to better meet the needs of customers. lamar's experience suggests that bi-state practices:

The retained earnings account has a credit balance of $24,650 before closing entries are made. if total revenues for the period are $77,700, total expenses are $56,900, and dividends are $13,050, what is the ending balance in the retained earnings account after all closing entries are made?

As sales exceed the break‑even point, a high contribution‑margin percentage (a) increases profits faster than does a low contribution-margin percentage (b) increases profits at the same rate as a low contribution-margin percentage (c) decreases profits at the same rate as a low contribution-margin percentage (d) increases profits slower than does a low contribution-margin percentage

The adjusted trial balance for china tea company at december 31, 2018, is presented below: