Don't use ai given answer general accounting questions Miyagi Data, Inc. sells earnings forecasts for Japanese securities. Its creditterms are 2/20, net 60. Based on experience, 75% of all customers will takethe discount.a. What is the average collection period?b. If the company sells 1,330 forecasts every month at a price of $2,430each, what is its average balance sheet amount in accounts receivable?

Step 1: Define Average Collection PeriodA company's time to collect its receivables balance is…

Answered: Miyagi Data, Inc. sells earnings…

Corporate Fin Focused Approach

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Author:EHRHARDT

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Chapter16: Supply Chains And Working Capital Management

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