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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 percent of all customers will take the
discount.
a. What is the average collection period for the company?
b. If the company sells 980 forecasts every month at a price of $1,670 each, what
is its average balance sheet amount in accounts receivable?
(Use cells A6 to D12 from the given information to complete this question.)
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