Zhang Industries sells a product for $$700.$ 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 $$3,000$ 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

$$280,000.$

$$285,880.$

$$282,520.$

$$201,880.$

$$196,000.$Zhang Industries sells a product for $$700.$ 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 $$3,000$ 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.