14 -A company in Niterói wants to discount trade bills at a commercial bank that offers it a discount rate of 2% a.m., simple interest. It is known that the 1st duplicate is for R$10,000.00 and is due within 90 days, and that the 2nd duplicate is also for R$10,000.00, but due in 180 days. Considering that the months have 30 days, determine the amount to be credited by the bank to this company's account.

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A: The correct explanation of above account are as follows

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A:

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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.