Zhang Industries sells a product for $700. Unit sales for May were 400 and each month's sales are expected to exceed the prior month's results by 3%. Compute the total sales dollars to be reported on the sales budget for month ended June 30.
A) $280,000.
B) $297,000.
C) $271,600.
D) $288,400.
E) $364,000.
D) $288,400.
Explanation: Budgeted sales in units = 400 * 103% = 412 units
Budgeted sales in dollars = 412 * $700 = $288,400
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