Jent Company reported the following information for 2013: October $320,000 November $340,000 December $360,000 Budgeted sales $120,000 Budgeted purchases  $128,000 $144,000 All sales are on credit. Customer amounts on account are collected 40% in the month of sale and 60% in the following month. Instructions Compute the amount of cash Jent will receive during November.

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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.