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Kyoto Joe, Incorporated, sells earnings forecasts for Japanese securities, its credit terms are 2/20, net 60 . Based on experience, 75 percent of all customers

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Kyoto Joe, Incorporated, sells earnings forecasts for Japanese securities, its credit terms are 2/20, net 60 . Based on experience, 75 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 comparyy sells 1,330 forecasts every month at a price of $2,430 each, what is its average daily balance sheet amount in accounts recelvable? Note: Do not round intermediate calculations and round your answer to 2 decimal ploces, e.9. 3216

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