Based on experience, 65 percent of all customers will take the discount. a. What is the average

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Based on experience, 65 percent of all customers will take the discount.

a. What is the average collection period for Kyoto Joe?

b. If Kyoto Joe sells 1,200 forecasts every month at a price of $2,200 each, what is its average balance sheet amount in accounts receivable?

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Corporate Finance

ISBN: 9780073105901

8th Edition

Authors: Jeffrey Jaffe, Bradford D Jordan

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