Miyagi Data, Inc., sells earnings forecasts for Japanese securities. Its credit terms are 3/10, net 50. Based on experience, 75 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 2 decimal places, 32.16.)b.If the company sells 1,280 forecasts every month at a price of $2,380 each, what is its average daily balance sheet amount in accounts receivable?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)