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.) a. Average collection period days b. Average accounts receivable