Zhang Industries sells a product for $900. Unit sales for May were 400 and each month's sales are expected to exceed the prior month's results by 2 %. Zhang pays a sales manager a monthly salary of $3,000 and a commission of 1 % of sales in dollars. Assume 25 % of Zhang's sales are for cash. The remaining 75 % are credit sales; these customers pay in the month following the sale. Compute the budgeted cash receipts for June. Multiple Choice $361800 $270,000 $275 400 $360000 $364830