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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 net Based on experience, percent of all customers will take the
discount.
What is the average collection period for the company?
b If the company sells forecasts every month at a price of $ each,
what is its average balance sheet amount in accounts receivable?
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Use cells A to D from the given information to complete this question.
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