Zhang Industries sells a product for $600. Unit sales for May were 500 and each month's sales are expected to grow by 2%
Posted: Wed Jul 06, 2022 6:24 am
Zhang Industries sells a product for $600. Unit sales for Maywere 500 and each month's sales are expected to grow by 2%. Zhangpays a sales manager a monthly salary of $4,500 and a commission of1% of sales in dollars. Assume 35% of Zhang's sales are for cash.The remaining 65% are credit sales; these customers pay in themonth following the sale. Compute the budgeted cash receipts forJune.
$306,645.
$300,000.
$198,900.
$302,100.
$195,000.
$306,645.
$300,000.
$198,900.
$302,100.
$195,000.