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Kyoto Joe Inc. sells earnings forecasts for Japanese securities . Its credit terms are 2 1 0 , net 3 0 . Based on experience,

Kyoto Joe Inc. sells earnings forecasts for Japanese securities. Its credit terms are 210, net 30. Based on experience, 65% 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 1,300 forecasts every month at a price of $1,750 each, what is its average balance sheet amount in accounts receivable? (Use 365 days a year. Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit "$" sign in your response.)
Average balance
$
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