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Business, 23.04.2021 21:20 girlhooper4life11

Zhang Industries sells a product for $750. Unit sales for May were 300 and each month's sales are expected to grow by 3%. Zhang pays a sales manager a monthly salary of $5,000 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.

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