b. If Maddox offered a 2 percent discount for payment in 10 days and every customer took advantage of the new terms, what would the new average receivables balance be? Use the full sales of $200,000 for your calculation of receivables. (Do not rounc intermediate calculations. Round the final answer to nearest whole dollar.) New receivable balance $ c-1. If Maddox reduces its bank loans, which cost 15 percent, by the cash generated from reduced receivables, what will be the net gain or loss to the firm? Use the full sales of $200,000 for your calculation of receivables. (Negative answers should be Indicated by a minus sign. Do not round intermediate calculations. Round the final answer to nearest whole dollar. Omit $ sign in your response.) Net Change c-2. Should Maddox Resources offer the discount? Yes No d-1. Assume the new trade terms of 2/10, net 30 will increase sales by 24 percent because the discount makes Maddox price competitive. If Maddox earns 16 percent on sales before discounts, what will be the Net change in income? (Do not round intermediate calculations. Round the final answer to nearest whole dollar.) Net change in income $ d-2. Should Maddox Resources offer the discount? Yes No