Kyoto Joe Inc. sells earnings forecasts for Japanese securities. Its credit terms are 3/15, net 90. Based on experience, 32% 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 810 forecasts every month at a price of $1,925 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 $