Crane Company has the following sales data:   August September October November December Cash Sales $4000 $5000 $6000 $7000 $16000 Sales on Account $50000 $55,379 $65000 $72,628 $100000 Crane Company's credit customers have the following payment history: 38% in month of sale 56% in month following sale the rest are never collected What are budgeted cash receipts for September?

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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.