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Miyagi Data, Inc., sells earnings forecasts for Japanese securities. Its credit terms are 2/20, net 60 . Based on experience, 60 percent of all customers

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Miyagi Data, Inc., sells earnings forecasts for Japanese securities. Its credit terms are 2/20, net 60 . Based on experience, 60 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 1,210 forecasts every month at a price of $2,310 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.)

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