Miyagi Data, Inc., sells earnings forecasts for Japanese securities. Its credit terms are 3/20, net 40. Based on experience, 70 percent of all customers will take the discount. What is the average collection period? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Average collection period days
Miyagi Data, Inc., sells earnings forecasts for Japanese securities. Its credit terms are 3/20, net 40. Based on experience, 70 percent of all customers will take the discount. What is the average collection period? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Average collection period days
Chapter16: Supply Chains And Working Capital Management
Section: Chapter Questions
Problem 11P
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
Transcribed Image Text:Miyagi Data, Inc., sells earnings forecasts for Japanese securities. Its
credit terms are 3/20, net 40. Based on experience, 70 percent of all
customers will take the discount.
What is the average collection period? (Do not round intermediate
calculations and round your answer to the nearest whole number, e.g.,
32.) Average collection period days
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