Zhang Industries sells a product for $850. Unit sales for May were 600 and each month's sales are expected to grow by 3% Zhang pays a sales manager a monthly salary of $2,500 and a commission of 2% of sales in dollars. Assume 20% of Zhang's sales are for cash. The remaining 80% are credit sales; these customers pay in the month following the sale. Compute the budgeted cash receipts for June. Multiple Choice $420,240 $515,610 $408,000 $513.060 Multiple Choice $420,240 $515,610 $408.000 $513,060 $510,000