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3. Kyoto Joe, Inc., sells earnings forecasts for Japanese securities. Its credit terms are 2/10, net 30. Based on experience, 65 percent of all customers

3. Kyoto Joe, Inc., sells earnings forecasts for Japanese securities. Its credit terms are 2/10, net 30. Based on experience, 65 percent of all customers will take the discount.

aWhat is the average collection period for the company?

bIf the company sells 980 forecasts every month at a price of $1,670 each, what is its average balance sheet amount in accounts receivable?

please show all work!!

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