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Kyoto Joe, Incorporated, sells earnings forecasts for Japanese securities. Its credit terms are 2/20, net 40. Based on experience, 70 percent of all customers will

Kyoto Joe, Incorporated, sells earnings forecasts for Japanese securities. Its credit terms are 2/20, net 40. Based on experience, 70 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 and round your answer to 2 deceimal places, e.g., 32.16.) b. If the company sells 1,530 forecasts every month at a price of $1,310 each, what is

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