Suns and Cloud, Inc. is a small wholesale distributor of consumer goods. The company generates...
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Suns and Cloud, Inc. is a small wholesale distributor of consumer goods. The company generates a gross margin shown in the blue table. The percent of cash sales is shown in the blue table; the remainder is sold on account and is collected one month later. Accounts receivable on June are the result of June's credit sales to be collected the next month. Budgeted sales for the period were as follows: tableBudgeted Sales,July$ 
Suns and Cloud, Inc. is a small wholesale distributor of consumer goods. The company generates a gross margin shown in the blue table. The percent of cash sales is shown in the blue table; the remainder is sold on account and is collected one month later. Accounts receivable on June are the result of June's credit sales to be collected the next month. Budgeted sales for the period were as follows:
tableBudgeted Sales,July$
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