Business, 31.08.2021 20:50 hardwick744
Zhang Industries sells a product for $800. Unit sales for May were 400 and each month's sales are expected to grow by 3%. Zhang pays a sales manager a monthly salary of $4,000 and a commission of 2% of sales in dollars. Assume 30% of Zhang's sales are for cash. The remaining 70% are credit sales; these customers pay in the month following the sale. Compute the budgeted cash receipts for June.
a. $322,880.
b. $224,000.
c. $230,720.
d. $320,000.
e. $326,960.
Answers: 1
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Zhang Industries sells a product for $800. Unit sales for May were 400 and each month's sales are ex...
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