Trapp Co. was organized on August 1 of the current year.  Projected sales for the next three months are as follows: August sales             100,000 September sales             185,000 October sales             225,000 The company expects to sell 40% of its merchandise for cash.  Of the sales on account (credit sales),  33% are to be collected in the month of sale 50% are to be collected in the month after the sale 17% are to be collected two months after the sale Required:  Prepare a schedule indicating cash collections for August, September, and October.

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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.