ABC Company has the following projected sales: Month Sales Jan $5,000 Feb $8,000 Mar $32,000 Apr $56, 000 11% of the sales are collected in the same month. 21% of the sales are collected after one month, 43% of the sales are collected after two months, and the remainder are collected after three month. What is the amount of the April collections?

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A: Formula: Cash collection amount : Credit sales x cash collection %

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Conversion Cycle

Conversion cycle is also known as cash cycle or net operating cycle. Conversion cycle refers to how much time a company takes to turn its investments which is done from stock or any other financial resources into cash flows from sales.