Zhang industries sells a product for $750. 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 $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.

Total= $292,520

Explanation:

Giving the following information:

Zhang Industries sells a product for $750. 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 $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.

Cash budget for June:

Sales= [(400*1.03)*750]*0.3= 92,700

Sales from May= (400*750)*0.7= 210,000

Salary= (4,000)

Commision= [(400*1.03)*750]*0.02= (6,180)

Total= $292,520

answer; ///pegged exchange rate with the united states;

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