Jerry has $50 to spend at the electronics store. he sees two movies that he wants that are $15 each. there is also a video game that he wants that costs $45. which statement best describes the opportunity costs and benefits of buying the movies? select the best answer from the choices provided.
the opportunity cost is $30; the benefit is the hours of entertainment from the movies.
the opportunity cost is that he cannot afford the game; the benefit is that he saved $45.
the opportunity cost is $30; the benefit is that he still has $20.
the opportunity cost is that he cannot afford the game; the benefit is that he has the two movies.

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?