Kyoto Joe, Inc., sells earnings forecasts for Japanese securities. Its credit terms are 1/20, net 40. Based on experience, 65 percent of all customers will take the discount. What is the average collection period for the company?

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25-06-2024
Business

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Kyoto Joe, Inc., sells earnings forecasts for Japanese securities. Its credit terms are 1/20, net 40. Based on experience, 65 percent of all customers will take the discount. What is the average collection period for the company?

Sagot :

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