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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 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? (Use 365 days a year. Do not round intermediate calculations.)
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 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
\table[[a. Average collection period,days],[b. Average balance,]]
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