Company ABC specialises in crude oil refining. Your manager tasked you to develop a six-month sales forecast for the barrels, based on previous year's production numbers below. You are required to calculate: Previous year base (Barrels) Growth Base projection (Barrels) Promotion (Barrels) Sales forecast (Barrels) Your manager anticipates to factor in the 7% estimated in growth rate. In addition, your company thinks the promotion will this year result in a sales increase of 30 barrels in April and 30 barrels in June. Sales forecasting Previous year (Barrels) Promotion sales (Barrels) Jan. 223 Feb. 250 March April May 284 371 25 25 469 June 501

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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.