Cash collections for Renew Lights found that 65% of sales were collected in the month of sale, 25% was collected the month after the sale, and 10% was collected the second month after the sale. Given the sales shown, how much cash will be collected in March and April? Jan= 90,000 Feb: 120,000 Mar: 75,000 Apr: 85,000

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Q: Please help

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A: Step 1: Calculate Cash Collections for Each MonthJanuary:Collected in January (75% of January sales)…

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A: Schedule of cash collections shows the cash receipts and cash inflows from different customers.…

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A: Formula: Cash collection amount = Sales value x Cash collection ratio

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Q: Cash collections for Wax On Candles found that 58% of sales were collected in the month of the sale,…

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A:

Q: Cash collections for Wax On Candles found that 60% of sales were collected in the month of the sale,…

A: Solution: Cash collection is done on the basis of percentages of collection in the respective months…

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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.