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Miyagi Data, Inc., sells earnings forecasts for Japanese securities . Its credit terms are 2 / 3 0 , net 5 0 . Based on
Miyagi Data, Inc., 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? Do not round intermediate calculations and round your answer to decimal places,
b If the company sells forecasts every month at a price of $ each, what is its average daily balance sheet amount in accounts receivable? Do not round intermediate calculations and round your answer to decimal places, eg
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