Business, 30.03.2020 19:20, alfonso55

Zhang Industries sells a product for $650. Unit sales for May were 600 and each month's sales are expected to grow by 4%. Zhang pays a sales manager a monthly salary of $4,000 and a commission of 3% of sales in dollars. Assume 40% of Zhang's sales are for cash. The remaining 60% are credit sales; these customers pay in the month following the sale. Compute the budgeted cash receipts for June.

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Zhang Industries sells a product for $650. Unit sales for May were 600 and each month's sales are ex...