June sales were $20,000​, while projected sales for July and August were $50,000 and $71,000​, respectively. Sales are 60​% cash and 40​% credit. All credit sales are collected in the month following the sale. Calculate expected collections for July.   A. $30,000   B. $8,000   C. $32,000   D.$ 38,000

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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.