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Kyoto Joe, Inc., sells earnings forecasts for Japanese securities. Its credit terms are 2/10, net 30 . Based on experience, 70% of all customers will

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Kyoto Joe, Inc., sells earnings forecasts for Japanese securities. Its credit terms are 2/10, net 30 . Based on experience, 70% of all customers will take the discount. a. What is the average collection period for the company? b. If the company sells 1,120 forecasts every month at a price of $1,580 each, what is its average balance sheet amount in accounts receivable

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