Miyagi data sells earings forcasts for japanese securities, Financial Management

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Miyagi data sells earings forcasts for japanese securities

Miyagi Data sells earings forcasts for japanese securities. Its credit terms are 1/10, net 30. Based on experience, 65 percent of all customers will take the discount.

A. What is the average collection period?

B. If the company sells 1400 forcasts every month at a price of 2600 each, what is its average balance sheet amount in accounts receivables?

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Financial Management: Miyagi data sells earings forcasts for japanese securities

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Financial Management: Miyagi data sells earings forcasts for japanese securities

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