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Compute the budgeted cash receipts for june

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Question - Grafton sells a product for $700. Unit sales for May were 400 and a 3% growth in unit sales is forecasted for each month. Grafton pays a sales manager a monthly salary of $3,000 and a commission of 2% of sales in dollars. Assume 30% of Grafton'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.

a. $282,520.

b. $196,000.

c. $201,880.

d. $280,000.

e. $285,880.

Reference no: EM132091256

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