a credit unionis a financial institution that is owned and controlled by its members rather than shareholders. The members of the credit union pool their deposits and provide loans and other financial services to each other.
Yea I have it do you want it
Answer:
c. $980,200
Explanation:
The computation of the cash collections is shown below:
As January sales is $839,000
So, Cash sales
= $839,000 × 20%
= $167,800
So Credit sales
= $839,000 × 80% × 75%
= $503,400
And on January 1 , the account receivable is $309,000
So, the January cash collections from sales is
= $167,800 + $503,400 + $309,000
= $980,200
Answer:
Jensen Company's product costs are c. $995,000
Explanation:
Product costs are costs that are incurred to create a product. Product costs include direct material, direct labor, and factory overhead.
In Jensen Company: Direct materials used $345,000 Direct labor incurred 250,000 Factory overhead incurred 400,000.
Jensen Company's product costs = direct material + direct labor + and factory overhead = $345,000 + $250,000 + $400,000 = $995,000
