Use the Following Information for the Question(s)below

question 14

Multiple Choice

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 still eligible to take the discount is closest to:

• A)20.1%.
• B)32.1%.
• C)38.3%.
• D)42.2%.

---

Definitions:

Part-Time Job

Employment with fewer hours per week than a full-time position, often offering flexibility but with fewer benefits.

Minimum-Wage

The lowest legal wage that employers can pay their workers, aimed at ensuring a basic standard of living for employees.

Social Class

Divisions in a society based on social and economic status.

First-Generation Canadian

A person born in Canada to parents who immigrated to Canada.