A July sales forecast projects that 8,500 units are going to be sold at a price of $10.50 per unit. The management forecasts 4% growth in sales each month. Total August sales are anticipated to be: Multiple Choice $89,250 $85,680. $96,390 $92,820. $85,000. Zhang Industries sells a product for $800. Unit sales for May were 400 and each month's sales are expected to exceed the prior month's results 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. Multiple Choice $322,880. $224,000. $230,720. $320,000. $326,960