Miyagi Data, Inc., sells earnings forecasts for Japanese securities. Its c /25, net 60. Based on experience, 60 percent of all customers will take th a. What is the average collection period? (Do not round intermediate calc round your answer to 2 decimal places, 32.16.) b. If the company sells 1,260 forecasts every month at a price of $2,360 ea average daily balance sheet amount in accounts receivable? (Do not rou intermediate calculations and round your answer to 2 decimal places,
Miyagi Data, Inc., sells earnings forecasts for Japanese securities. Its c /25, net 60. Based on experience, 60 percent of all customers will take th a. What is the average collection period? (Do not round intermediate calc round your answer to 2 decimal places, 32.16.) b. If the company sells 1,260 forecasts every month at a price of $2,360 ea average daily balance sheet amount in accounts receivable? (Do not rou intermediate calculations and round your answer to 2 decimal places,
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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