The information in the table below shows the total demand for premium-channel digital cable tv subscriptions in a small urban market. assume that each digital cable tv operator pays a fixed cost of $100,000 (per year) to provide premium digital channels in the market area and that the marginal cost of providing the premium channel service to a household is zero. quantity price (per year) 0 $120 3,000 $100 6,000 $ 80 9,000 $ 60 12,000 $ 40 15,000 $ 20 18,000 $ 0 refer to table 16-3. assume that there are two digital cable tv companies operating in this market. if they are able to collude on the price and quantity of subscriptions to sell, what price (p) will they charge, and how many subscriptions (q) will they sell collectively?

Powell company began the 2018 accounting period with $40,000 cash, $86,000 inventory, $60,000 common stock, and $66,000 retained earnings. during 2018, powell experienced the following events: sold merchandise costing $58,000 for $99,500 on account to prentise furniture store. delivered the goods to prentise under terms fob destination. freight costs were $900 cash. received returned goods from prentise. the goods cost powell $4,000 and were sold to prentise for $5,900. granted prentise a $3,000 allowance for damaged goods that prentise agreed to keep. collected partial payment of $81,000 cash from accounts receivable. required record the events in a statements model shown below. prepare an income statement, a balance sheet, and a statement of cash flows. why would prentise agree to keep the damaged goods?