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22.Zhang Industries sells a product for $650. Unit sales for May were 400 and each month's...

22.Zhang Industries sells a product for $650. 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 $3,500 and a commission of 1% 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.

19Ratchet Manufacturing's August sales budget calls for sales of 5,500 units. Each month's sales are expected to exceed the prior month's results by 4%. The product selling price is $25 per unit. The expected total sales dollars for September's sales budget are:

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