Kyoto Joe, Incorporated, sells earnings forecasts for Japanese securities$.$ Its credit terms are $2/10,$ net $50.$ Based on experience,

$80$ percent of all customers will take the discount. Assume $365$ days per year.

a$.$ What is the average collection period?

Note: Do not round intermediate calculations and round your answer to the nearest whole number, e$.$g$.,32.$

b$.$ If the company sells $1,240$ forecasts every month at a price of $$2,340$ each, what is its average daily balance sheet amount in

accounts receivable?

Note: Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

a$.$ Average collection period

days

b$.$ Average accounts receivable