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Kyoto Joe, Incorporated, sells earnings forecasts for Japanese securities . Its credit terms are 2 1 0 , net 3 0 . Based on experience,
Kyoto Joe, Incorporated, sells earnings forecasts for Japanese securities Its credit terms are net Based on experience, percent of all customers will take the discount. a What is the average collection period for the company? Use days a year. Do not round intermediate calculations. b If the company sells forecasts every month at a price of $ each, what is its average balance sheet amount in accounts receivable? Use days a year. Do not round intermediate calculations and round your answer to decimal places, eg tablea Average collection period,daysb Average balance,
Kyoto Joe, Incorporated, sells earnings forecasts for Japanese securities Its credit terms are net Based on experience, percent of all customers will take the discount.
a What is the average collection period for the company? Use days a year. Do not round intermediate calculations.
b If the company sells forecasts every month at a price of $ each, what is its average balance sheet amount in accounts receivable? Use days a year. Do not round intermediate calculations and round your answer to decimal places, eg
tablea Average collection period,daysb Average balance,
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