In performing accounting services for small businesses, you encounter the following situations per taining to cash sales. 1. Marigold Corp. enters sales and sales taxes separately in its cash register. On April 10, the register totals are sales $31,500 and sales taxes $1,575.
2. Cullumber Company does not segregate sales and sales taxes. Its register total for April 15 is $23,320, which includes a 6% sales tax.

Required:
a. Prepare the entries to record the sales transactions and related taxes for Furcal Company.
b. Prepare the entries to record the sales transactions and related taxes for Crystal Company.

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?