For a particular flight from Dulles to SF, an airline uses wide-body jets with a capacity of 390 passengers. It costs the airline $4,000 plus $145 per passenger to operate each flight. Through experience the airline has discovered that if a ticket price is $T, then they can expect (390−0.82T) passengers to book the flight. Determine the ticket price, T, that will maximize the airline's profit.

Rebel technology maintains its records using cash-basis accounting. during the year, the company received cash from customers, $43,000, and paid cash for salaries, $23,500. at the beginning of the year, customers owe rebel $1,000. by the end of the year, customers owe $6,600. at the beginning of the year, rebel owes salaries of $5,600. at the end of the year, rebel owes salaries of $3,300. determine cash-basis net income and accrual-basis net income for the year.