1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Airida [17]
3 years ago
13

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.
Business
1 answer:
Colt1911 [192]3 years ago
6 0

Answer:

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

You might be interested in
One of the advantages of being a limited partner in a real estate investment venture is that you have __________ liability. limi
lara31 [8.8K]
Limited financial liability. It is one of the advantages because the strain of effort and time would be not part of the investment and if the it is successful you're earning even though you're not doing anything. You're only role is able to provide money or resources to the venture.
3 0
3 years ago
The process of developing budget estimates by requiring managers to estimate sales, production, and other operating data as thou
user100 [1]

Answer:

Zero based budgeting

Explanation:

Zero-based budgeting is a process of developing budget estimates by requiring managers to estimate sales, production, and other operating data as though operations were being initiated for the first time.

It is time consuming compared to other method of budgeting ( traditional).

Zero-based budgeting (ZBB) is a method of budgeting where income less expenditure is equal to zero.

It is a budgeting in which all expenses must be justified for each new period. It is detail-oriented.

Zero-based budgeting can be used to lower costs by avoiding blanket increases or decreases to a prior period's budget.

zero-based budgeting may be a rolling process done over several years.

8 0
3 years ago
Read 2 more answers
What is it called when banks record which account gives up money and which account receives money when a customer writes a check
swat32

Answer:

Check Clearing

Explanation:

The process by which bank records which account gives up money is called check clearing. Check clearing is the process by which banks record whose account gives up money and whose account receives money when a customer writes a check. A bank holding company is a company that owns multiple banks.

4 0
3 years ago
Federal employment discrimination laws restrict the ability of employers to discriminate against workers on the basis of Group o
kipiarov [429]

Option d. Federal employment discrimination laws restrict the ability of employers to discriminate against workers on the basis of gender.

<h3>What is discrimination?</h3>

This is the type of bias that may exist in the society because of where a person is from, their tribe, religion and their beliefs.

Discrimination based on gender is an offense against an employee who is competent and qualified for a job.

Read more on discrimination here:

brainly.com/question/1084594

#SPJ1

6 0
2 years ago
Last year, Linus earned a salary of $25,000 and he spent $24,000, thus saving $1000. At the end of the year, he received a bonus
Evgen [1.6K]

Answer:

0.5

Explanation:

Marginal propensity to consume is the proportion of the increase in disposable income spent on consumption.

Marginal propensity to consume = change in consumption/ increase in disposable income

$500 / $1000 = 0.5

I hope my answer helps you

8 0
4 years ago
Other questions:
  • The three commonly used terms to describe levels of service are self-service, limited-service, and full-service.
    9·1 answer
  • If you receive a phone call and the caller asks for personal information, what should you do?
    7·2 answers
  • Consider the market for a breakfast cereal. The​ cereal's price is initially ​$3.003.00 and 7070 thousand boxes are demanded per
    7·1 answer
  • Aaron and Donald sign a written contract in which Aaron agrees to supply raw materials to Donald’s company in return for set fee
    14·1 answer
  • A primary consumer gets energy from a producer. where does the energy go from there? all of the energy is transferred to seconda
    5·2 answers
  • April is worried that she is not a "good speller," so she plans to let the spelling
    14·1 answer
  • Discuss how AFCFTA could be trade creating free trade area?​
    11·1 answer
  • CTSOs are especially helpful for people who are applying for which things? Check all that apply.
    15·2 answers
  • If you begin investing at age 25 instead of age 20, how much more do you need to invest per month to have $1M at retirement?
    13·1 answer
  • What happens to the equilibrium price and quantity when demand increases and at the same time supply decreases, but the demand s
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!