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Wyatt Oil has the following accounts on its books: Wyatt extends credit on terms of 1/15,net 30.
-The percentage of Wyatt's receivables that are more than 30 days past due is closest to:
A)20.1%.
B)32.1%.
C)38.3%.
D)42.2%.

Question

Use the following information for the question(s)below.
Wyatt Oil has the following accounts on its books:  Wyatt extends credit on terms of 1/15,net 30.
-The percentage of Wyatt's receivables that are more than 30 days past due is closest to:
A)20.1%. 
B)32.1%. 
C)38.3%. 
D)42.2%.

Quizplus · Accepted Answer

The correct answer is A because the percentage of Wyatt's receivables that are more than 30 days past due is 20.1%.

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