Ray inc.'s balance sheets at december 31, 2021 and 2022, are presented here. ray's net income for 2022 was $254,000. depreciation expense was $42,000. prepare the operating activities section—indirect method. 2022 2021 current assets cash $ 62,000 $ 89,000 accounts receivable 85,000 69,000 inventory 78,000 62,000 prepaid expenses 17,000 19,000 total current assets $242,000 $239,000 current liabilities accrued expenses payable $ 6,000 $ 16,000 accounts payable 88,000 72,000 total current liabilities $ 94,000 $ 88,000

Suppose there are three types of consumers who attend concerts at your university’s performing arts center: students, staff, and faculty. each of these groups has a different willingness to pay for tickets; within each group, willingness to pay is identical. there is a fixed cost of $1,000 to put on a concert, but there are essentially no variable costs. for each concert: i. there are 140 students willing to pay $20. (ii) there are 200 staff members willing to pay $35. (iii) there are 100 faculty members willing to pay $50. a) if the performing arts center can charge only one price, what price should it charge? what are profits at this price? b) if the performing arts center can price discriminate and charge two prices, one for students and another for faculty/staff, what are its profits? c) if the performing arts center can perfectly price discriminate and charge students, staff, and faculty three separate prices, what are its profits?