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Zhang Industries sells a product for $700. Unit sales for May were 500 and each month's sales are expected to grow by 2%. Zhang pays

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Zhang Industries sells a product for $700. Unit sales for May were 500 and each month's sales are expected to grow by 2%. Zhang pays a sales manager a monthly salary of $4,500 and a commission of 1% 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 5356645 5249.900. 5252.00 S246000

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