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Maddox Resources has credit sales of $ 1 8 9 , 0 0 0 yearly with credit terms of net 3 0 days, which is

Maddox Resources has credit sales of $189,000 yearly with credit terms of net 30 days, which is also the average collection period. Maddox does not offer a discount for early payment, so its customers take the full 30 days to pay. (Use 365 days in a year.) a-1. What is the average receivables balance? (Do not round intermediate calculations. Round the final answer to nearest whole dollar.) Accounts receivable balance

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