Here is a forecast of sales by National Bromide for the first 4 months of 2019 (figures in thousands of dollars): Month 1 2 3 4 Cash Sales 35 44 38 34 Sales on Credit 200 220 190 170 On average, 60% of credit sales are paid for in the current month, 20% in the next month, and the remainder in the month after that. What are the expected cash collections in months 3 and 4? (Enter your answers in whole dollars not in thousands of dollars.)

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Q: Here is a forecast of sales by National Bromide for the first 4 months of 2019 (figures in thousands…

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Q: Here is a forecast of sales by National Bromide for the first four months of 2019 (figures in $…

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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.