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Kyoto Joe Inc. sells earnings forecasts for Japanese securities. Its credit terms are 3/10, net 90. Based on experience, 35% of all customers will take

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Kyoto Joe Inc. sells earnings forecasts for Japanese securities. Its credit terms are 3/10, net 90. Based on experience, 35% 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 1,020 forecasts every month at a price of $1,700 each, what is its average balance sheet amount in accounts receivable? Assume 365 days per 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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