The russian air force is being called on this year to intercept storms advancing on moscow and to seed them with dry ice and silver iodine particles. the idea is to make the snow drop on villages in the countryside instead of piling up in moscow. the cost of this initiative will be 190190 million rubles, and the savings in snow removal will be in the neighborhood of 330330 million rubles. the exchange rate is 3030 rubles per dollar. comment on the hidden costs and benefits of such a plan from the viewpoint of the villagers in terms of dollars.

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?