Zhang Industries sells a product for $900 Unit Sales for May were 600 and each...
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Zhang Industries sells a product for $900 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 $2,000 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 foc June Multiple Choice 5432 000 O $444,040 O $543,340 $540.000 $545.280
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