14.2 in chapter 14, page 486. Assuming terms to customers of Net 30 days, what percentage of Accounts Receivable are past due? As Receivables age beyond the current portion, it is said they become less valuable then current AR. Identify two (2) reasons why this is the case.

See Table

TABLE 14.2 Sample Aging Schedule Age Bracket Percentage of AR in Bracket 0-10 days 10% 11-30 days 35 31-60 days 45 61-90 days 7 Over 90 days 3 100