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Miyagi Data, Inc., sells earnings forecasts for Japanese securities . Its credit terms are 2 1 0 , net 3 0 . Based on experience,
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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