Customer allowances and returns Assume the following data for Lusk Inc. before its year-end adjustments: Unadjusted Balances Debit Credit Sales $3,600,000 Cost of Merchandise Sold $2,100,000 Estimated Returns Inventory 1,800 Customer Refunds Payable 900 Estimated cost of merchandise that will be returned in the next year $15,000 Estimated percent of refunds for current year sales 0.8% a. Journalize the adjusting entry for the estimated customer allowances. b. Journalize the adjusting entry for the estimated customer returns.

Actual usage for the year by the marketing department was 70,000 copies and by the operations department was 330,000 copies. if a dual-rate cost-allocation method is used, what amount of copying facility costs will be budgeted for the operations department?

U.s. internet advertising revenue grew at the rate of r(t) = 0.82t + 1.14 (0 ≤ t ≤ 4) billion dollars/year between 2002 (t = 0) and 2006 (t = 4). the advertising revenue in 2002 was $5.9 billion.† (a) find an expression f(t) giving the advertising revenue in year t.

Quick computing currently sells 12 million computer chips each year at a price of $19 per chip. it is about to introduce a new chip, and it forecasts annual sales of 22 million of these improved chips at a price of $24 each. however, demand for the old chip will decrease, and sales of the old chip are expected to fall to 6 million per year. the old chips cost $10 each to manufacture, and the new ones will cost $14 each. what is the proper cash flow to use to evaluate the present value of the introduction of the new chip? (enter your answer in millions.)