3 value 10 00 points Kyoto Joe, Inc , sells earnings forecasts for Japanese securities Its credit terms are 2 0 10, net 60 Based on experience, 60 percent of all customers will take the discount a What is the average collection period for Kyoto Joe (Use 365 days a year ) Average collection period days b If Kyoto Joe sells 1,000 forecasts every month at a price of $1,600 each, what is its average balance sheet amount in accounts receivable (Use 365 days a year Do not round intermediate calculations and round your final answer to 2 decimal places (e g , 32 16)) Average balance $ Hints References eBook Resources Hint 1

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3  value  10 00 points Kyoto Joe, Inc , sells earnings forecasts for Japanese securities  Its credit terms are 2 0 10, net 60  Based on experience, 60 percent of all customers will take the discount  a  What is the average collection period for Kyoto Joe  (Use 365 days a year ) Average collection period days b  If Kyoto Joe sells 1,000 forecasts every month at a price of $1,600 each, what is its average balance sheet amount in accounts receivable  (Use 365 days a year  Do not round intermediate calculations and round your final answer to 2 decimal places  (e g , 32 16)) Average balance $ Hints References eBook   Resources Hint  1

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3. value: 10.00 points Kyoto Joe, Inc., sells earnings forecasts for Japanese securities. Its credit terms are 2.0/10, net 60. Based on experience, 60 percent

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