1. what is globalization?
2. what are the economic, political, and social/technological factors that contributed to globalization?
3. what are the aspects of globalization?
4. what are the advantages/disadvantages of globalization?
5. what is the major debate in globalization in relation to globalists, skeptics and transformationalist?
6. what are the 6 approaches discussed in the book with regards to globalization: imperialism, colonialization, dependency, etc.?
7. what is keynesian theory?

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?