The concession stand at a school basketball tournament sells hot dogs, hamburgers, and chicken sandwiches. during one game, the stand sold 16 hot dogs, 14 hamburgers, and 8 chicken sandwiches for a total of $ 93.00. during a second game, the stand sold 10 hot dogs, 13 hamburgers, and 5 chicken sandwiches for a total of $ 68.75. during a third game, the stand sold 4hot dogs, 7 hamburgers, and 7 chicken sandwiches for a total of $ 55.75. determine the price of each product.

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?