For the final paper, each student will choose a country, and a consumer product found in the u. s. which is not yet sold in that country. the paper will be the development of a marketing plan outline for launching that product in that country. the paper is an individual assignment and is worth 30% of your final grade. additional guidelines will be provided in class, but the basic ground rules are: • the country should be of interest to you, and may be a fully developed economy (e. g., germany, japan) or a developing economy (e. g., a latin american or african country). exception: if you are an international student you cannot choose your home country!

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?