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Need help Kyoto Joe, Incorporated, sells earnings forecasts for Japanese securities, Its credit terms are 2/10, net 30 , Based on experience, 65 percent of
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Kyoto Joe, Incorporated, sells earnings forecasts for Japanese securities, Its credit terms are 2/10, net 30 , Based on experience, 65 percent of all customers will take the discount. Assume 365 days per year. . What is the average collection period? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32 . b. If the company sells 980 forecasts every month at a price of $1,670 each, what is its average balance sheet amount in accounts recelvable? Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal ploces, e.g., 1,234,567,89 Step by Step Solution
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