in the quadrant of the core competence--market matrix, the focus is on leveraging current core competencies to improve current market position. multiple choice question.

The other production costs for July were $23,300.

Here's how to get to the answer:Direct Materials is a variable cost because it increases in direct proportion to the increase in production or activity level. Fixed Factory Rent is a fixed cost because it does not vary with changes in the production level.Other Production Costs can include a mix of variable and fixed costs, so we can't assume that it is either one of them.

Therefore, we will need to calculate the Other Production Costs for July using the High-Low method.The High-Low method can be used to separate the variable and fixed components of mixed costs. It involves selecting the highest and lowest activity levels, identifying the total costs incurred at those levels, and calculating the variable cost per unit and the fixed cost component.

We will begin with calculating the variable cost per unit.Variable Cost per Unit = (Costs at High Activity Level - Costs at Low Activity Level) / (High Activity Level - Low Activity Level)= ($61,300 - $58,000) / (11,000 - 10,000)= $3.30 per unitNext, we will use the variable cost per unit to calculate the fixed cost component.Fixed Costs = Total Costs - (Variable Cost per Unit x Number of Units)= $61,300 - ($3.30 x 11,000)= $22,800

Finally, we can use the fixed cost component to calculate the Other Production Costs for July.Other Production Costs for July = Total Costs - (Direct Materials + Fixed Factory Rent + Fixed Costs)= $61,300 - ($17,000 + $21,000 + $22,800)= $23,300Therefore, the Other Production Costs for July were $23,300.

The complete question is:

The following data pertains to activity and costs for two months:

JuneJulyActivity level in units 10,000 11,000 Direct materials$17,000 $? Fixed factory rent 21,000 ? Other production costs 20,000 ? Total cost$58,000 $61,300

Assuming that these activity levels are within the relevant range, the other production costs for July were: (Round intermediate calculations to 2 decimal places.)

To know more about production costs refer here:

https://brainly.com/question/16677716

#SPJ11

Sarah's salary after the increase will be $26,250

Sarah's current salary is $25,000 per year. She is due to get a 3% raise this year in addition to a 2% cost of living increase. So the question is how much will her salary be after these increases take effect?

The total increase that Sarah will receive this year is:

3% + 2% = 5%

Her new salary will be:

$25,000 + (5/100 × $25,000)=$25,000 + $1,250 =$26,250So, her salary after the increase will be $26,250.

To know more about Salary:

https://brainly.com/question/14371457

#SPJ11

In customer feedback surveys, RTC Corp customers have indicated that they have a similar experience each time they interact with the company. This reflects success in the consistency service quality dimension.

RTC Corp customers experiencing a similar experience each time they interact with the company reflects success in the service quality dimension of consistency.

Consistency is a service quality dimension that refers to the uniformity and reliability of the service. It is the extent to which a company offers dependable and accurate services, including availability, delivery, dependability, and reliability.

The consistency dimension of service quality encompasses the following:-

Therefore, this ensures that customers are satisfied with the services they receive and that they have a positive experience. So, the success of RTC Corp in the consistency dimension of service quality reflects its ability to meet customer expectations and provide high-quality services.

To know more about customer feedback surveys click here:

https://brainly.com/question/29313144

#SPJ11

This is an example of unequal pay for equal work.

Frankie was hired for the same job as her friend Grace, yet she is earning almost half of what Grace makes for the same job.

This type of inequality is illegal and unethical, and should not be tolerated. The Equal Pay Act of 1963 requires that men and women be given equal pay for equal work. It stipulates that employers are prohibited from discriminating on the basis of sex when setting wages and prohibits unequal pay based on gender.

This applies to all forms of pay, including wages, salary, commissions, bonuses, and more. The unequal pay between Frankie and Grace is an example of an employer breaking this law.

This discrepancy in pay not only affects Frankie's quality of life, but it also contributes to a larger gender pay gap. Women on average make 79 cents for every dollar a man earns, which is an unacceptable gender gap that needs to be addressed.

Learn more about Equal Pay Act at

https://brainly.com/question/30626514

#SPJ11

In this scenario, Berta is using a Positive Reinforcement Technique to motivate her subordinates.

Positive Reinforcement is a type of behavior modification that rewards desirable behavior. By offering an all-expenses paid trip to the salesperson who sells the most cars, Berta is providing a positive reward that encourages her subordinates to work harder and improve their performance.

This reward serves as a motivation for them to strive for higher results and encourages them to maintain their performance. By implementing this technique, Berta is reinforcing the desired behavior, which in turn leads to better outcomes.

To know more about Positive Reinforcement click on below link:

https://brainly.com/question/29663095#

#SPJ11

The average cost increases as the value of the 5th widget are much more than the average. The extra $10 ( 20-10) uniformly increases by $2 for every widget.

Marginal cost = 40+20 = $60

Average cost for 5 items = 60/5 = $12

Marginal cost is the cost of producing one additional unit of a good or service. In other words, it is the increase in total cost that results from producing one more unit of output. Marginal cost is calculated by dividing the change in total cost by the change in quantity produced.

Marginal cost is an important concept in economics because it helps businesses make decisions about how much to produce. If the marginal cost of producing an additional unit is lower than the price the business can sell it for, it is profitable to produce more. However, if the marginal cost is higher than the price, it is not profitable to produce more and the business may choose to reduce production.

To learn more about Marginal cost visit here:

brainly.com/question/7781429

#SPJ4

Complete Question:

Suppose instead that you could produce one more (the fifth) widget at a marginal cost of $20. If you do produce that fifth widget, what will your average total cost be? Has your average total cost increased or decreased? Why?

If a business firm landscapes its grounds and develops a sculpture garden that benefits the firm but also benefits the neighborhood, it would be an example of a good corporate citizen.

Corporate citizenship, often known as corporate social responsibility, refers to a company's dedication to behaving ethically and giving back to society in various ways. By operating in such a way that improves society and the natural environment, businesses make a meaningful contribution to corporate citizenship.

Corporate citizenship is a significant component of business operations in the twenty-first century. Many companies choose to engage in activities that benefit the communities they serve in order to build a good reputation and develop customer loyalty.

Landscaping grounds and developing sculpture garden that benefits a firm but also benefits the neighborhood is an example of how business organizations are engaged in activities that enhance the quality of life of the people who reside and operate within their vicinity.

Learn more about Corporate citizenship here:

brainly.com/question/1373962

#SPJ11

To be considered a qualifying child of a taxpayer, the individual must be a child of the taxpayer. This statement is TRUE.

A qualifying child is a child who meets a set of IRS requirements. The qualifying child must be the child of the taxpayer, a stepchild or foster child, a sibling or stepsibling, or a descendant of any of these relatives, and must meet several other criteria to be considered a qualifying child of the taxpayer.

The requirements for a child to be a qualifying child are as follows:

The following details should be kept in mind: To claim a dependent as a qualifying child on your tax return, you must also have earned income. If your qualifying child meets all of the requirements, you may be eligible for the Child Tax Credit or the Earned Income Tax Credit (EITC).

To know more about taxpayer refer here :

https://brainly.com/question/30654668#

#SPJ11

Providing support to the community is an example of a(n) ethical responsibility for a small business. The correct answer is option c.

A small business is a privately held organization that typically employs fewer than 500 employees. The vast majority of small businesses have fewer than 20 employees. Small businesses are crucial to the nation's economy since they generate income, employment, and growth. These businesses are often founded by entrepreneurs who seek to make their mark in the business world, provide a valuable service, or fill a niche in the marketplace.

Ethical responsibility is the obligation of a company to be ethical in its dealings with the community and the environment in which it operates. A small business has a moral responsibility to protect the environment, foster equality, provide fair labor conditions, and operate with integrity.

Learn more about small business here: https://brainly.com/question/28522792

#SPJ11

Recently selling 300 shares of Apple stock to another investor, and the transfer was made through a broker, is an example of a secondary market transaction.

What is a secondary market transaction?

Secondary market transactions refer to the buying and selling of securities in which neither the issuing company nor any of its affiliates is directly involved. The secondary market provides liquidity to investors and facilitates the trading of securities among investors.

Brokers or dealers execute secondary market transactions between buyers and sellers. If an investor decides to sell a stock, the transaction will occur in the secondary market, where an investor would make a purchase based on the price of the stock given by the seller.

As per the provided information, you recently sold 300 shares of Apple stock to another investor, and the transfer was made through a broker. This is an example of a secondary market transaction.

What is a broker?

A broker is a professional who serves as an intermediary between the buyers and sellers in the securities markets. Brokers, who work for brokerage firms, have direct connections to securities exchanges and market data providers, allowing them to assist clients in making informed investment decisions.

Brokers can also give assistance to clients in analyzing securities and performing trades in various markets.

To learn more about secondary markets, refer below:

https://brainly.com/question/13416264

#SPJ11

Recently selling 300 shares of apple stock to another investor, and the transfer was made through a broker is an example of stock trading.

Stock trading is a mechanism for buying and selling stock, and it happens in an exchange market. There are two types of stock trading: primary and secondary.

Primary trading involves trading stock directly with the issuing company, while secondary trading occurs when an investor sells shares to another investor through a broker. When stock is sold, a broker facilitates the transfer of ownership from one investor to another.

The broker may charge a commission for their services. Overall, this is a good way for investors to invest their money in the stock market, diversify their portfolio and earn a return on investment.

To know more about stock trading click on below link:

https://brainly.com/question/12007903#

#SPJ11

The major determinants of price elasticity of demand are the availability of substitutes, the necessity of the item, the share of the item in the consumer's budget, and the time frame over which the demand is considered.


Price elasticity of demand refers to how responsive consumers are to changes in the price of a good or service.

Availability of Substitutes: The availability of substitutes determines how easily a consumer can find another good to fulfill their needs. The more substitutes available, the more price elastic the demand.  
Necessity of Item: The necessity of the item determines how much consumers are willing to pay. Necessary items, such as food, will have more inelastic demand than luxury items, like jewelry.  
Share of Item in Consumer's Budget: The share of the item in the consumer's budget determines how sensitive consumers are to changes in the price of the item. Items that are a large share of the consumer's budget will be more price elastic than items that are only a small share of the budget.  
Time Frame: The time frame over which the demand is considered determines how quickly consumers can adjust their spending. If the time frame is longer, consumers have more time to adjust their spending and the demand will be more price elastic.  

In conclusion, understanding the major determinants (availability of substitutes, the necessity of the item, the share of the item in the consumer's budget, and the time frame over which the demand is considered) of price elasticity of demand is crucial for businesses when setting prices. Businesses must consider the availability of substitutes, the proportion of income spent on the product, the necessity of the product, the time available for consumers to adjust, and the degree of brand loyalty in order to determine the optimal price for their product.

For more such questions on Price elasticity of demand.

https://brainly.com/question/13565779#

#SPJ11

The statement of stockholders 'equity reports the changes in stockholders' equity for a period of time is True.

This statement typically shows the beginning balance of stockholders' equity, any changes that occurred during the period (such as net income, dividends paid, and stock issuances), and the ending balance of stockholders' equity.

The statement of stockholders' equity is an important financial statement that is often included in a company's annual report or 10-K filing with the Securities and Exchange Commission (SEC). It provides useful information for investors and analysts to understand how a company's equity has changed over time and what factors have contributed to those changes.

Learn more about stockholders at: https://brainly.com/question/29705807

#SPJ11

The growth rate of real GDP per person in a country with a real GDP growth rate of 1 percent and a population growth rate of 2 percent is -1 percent. To calculate this, we take the difference between the two growth rates, subtracting population growth from GDP growth:

The growth rate of real GDP per person is a crucial indicator of a country's economic growth and development. It reflects the change in the economic output of a country relative to its population growth. A higher growth rate of real GDP per person indicates an increase in the standard of living, as there is more economic output available per person.

In a scenario where a country experiences a real GDP growth rate of 1 percent and population growth of 2 percent, the growth rate of real GDP per person would be -1 percent. This means that the real GDP per capita has decreased by 1 percent. This is not a desirable outcome, as it suggests that the country's economic output is not keeping up with its population growth, leading to a decline in the standard of living. This highlights the importance of achieving a real GDP growth rate that is higher than the population growth rate to ensure sustainable economic growth and development.

Learn more about growth rate of real GDP: brainly.com/question/30463751

#SPJ11

Debentures are bonds that are not secured by specific property or assets and instead rely on the creditworthiness of the issuer. Thus, Option A is correct.

Debentures are a form of unsecured debt, meaning they do not have any collateral backing them up. Instead, investors rely on the issuer's ability to make interest payments and repay the principal amount at maturity. Debentures are typically issued by corporations or governments to raise funds for various purposes such as capital expenditures, mergers and acquisitions, or to refinance existing debt.

They are considered riskier than secured bonds but often offer higher yields to compensate investors for the added risk.

This question should be provided with answer choices, which are:

Learn more about Bonds https://brainly.com/question/25965295

#SPJ11

The feature of services referred to in the question is that services are often intangible and occur simultaneously with the customer's receipt of them.

Services, such as a visit to the doctor's office, happen at the same time the customer receives them, meaning they cannot be stored or saved for later. This is not the case with products, which can often be purchased, stored, and saved for later.

Additionally, services are typically personalized and often cannot be standardized. They are tailored to the customer's individual needs and circumstances. Therefore, products and services differ in that services are often intangible and occur simultaneously with the customer's receipt of them.

See more about services at https://brainly.com/question/25922327.

#SPJ11

If Aaron Medford has invested $600 in the corporate stock of a manufacturer of offshore oil drilling equipment, the most he could lose if the company goes bankrupt would be $600.

When a corporation wishes to raise money, it can do so by selling stocks, which are shares of ownership in the company. People who buy stocks are referred to as shareholders, and they own a portion of the company based on the number of shares they hold.

They also have a right to a portion of the company's profits in the form of dividends, which are payments made to shareholders.

The stock market is a market where corporate stocks are purchased and sold. Stock prices fluctuate based on a variety of variables, including the company's performance, news, and other economic factors.

This makes investing in the stock market a high-risk, high-reward opportunity because there is no guarantee that the value of the stock will rise, and there is a chance that it will fall.

Learn more about bankrupt here:

brainly.com/question/30905799

#SPJ11

The annual rate of return that is earned on a $1,000 investment when it grows to $2,000 in six years is 11.61%.

Step-by-step explanation:

We are required to determine the annual rate of return that is earned on a $1,000 investment when it grows to $2,000 in six years. Let us denote the annual rate of return as r.

Therefore, we can say that $1,000 grows to $2,000 in six years with an annual rate of return r if,$$2,000=1,000(1+r)^6$$

On simplification of the above equation, we get,$$(1+r)^6=2$$

Now, taking the logarithm on both sides, we have,$$6 \log(1+r)= \log(2)$$$$\Rightarrow

r = \frac{\log(2)}{6}$$$$\Rightarrow

r = \frac{0.693}{6}$$$$\Rightarrow

r = 0.1151$$

Therefore, the annual rate of return that is earned on a $1,000 investment when it grows to $2,000 in six years is 11.61% (rounded to 2 decimal places).

Learn more about annual rate of return here: https://brainly.com/question/28312388

#SPJ11

According to the text, the two groups that create the largest proportion of consumers in the diffusion process of innovation are the early adopters and the early majority. Therefore, the correct option is d. early adopters and the early majority.

The diffusion process of innovation refers to the spread or the process by which an innovation, technology, or idea is adopted and spreads throughout the market or society. This diffusion process comprises of five different groups or stages of customers or consumers. These groups are innovators, early adopters, early majority, late majority, and laggards.

According to the theory, two groups create the largest proportion of consumers in the diffusion process of innovation, which are early adopters and the early majority. Early adopters refer to those customers who are the first to purchase and adopt new products and technologies. They are risk-takers and tend to be opinion leaders. The early majority, on the other hand, comprises customers who adopt new products and technologies just after the early adopters, but before the average consumers. They are more deliberate and tend to assess the experiences of the early adopters before purchasing the new products or technology.

The correct option is d.

Learn more about Consumers: https://brainly.com/question/380045

#SPJ11

Answer:unit of account Median of exchange Store of value

Explanation:

The following are functions of money:

Money is defined as something that is accepted as a method of payment for goods, services, or debts, as well as a means of calculating the relative worth of things. In other words, money is used as a medium of exchange, a store of value, a unit of account, and a hedge against inflation. The characteristics of money are distinct, although they may overlap.

Hedge against inflation

When a country experiences inflation, the prices of goods and services increase, and the value of money decreases. Money is a useful hedge against inflation since it can maintain its value in the long run when inflation rates rise.Store of value:Money serves as a store of value since it can be saved for future purchases.

If an individual saves their money, it can be utilized in the future to purchase something of worth, and it will not lose its value. Money can be held in a variety of forms, including bank deposits, currency, and bonds.Unit of account:Money is employed as a unit of account to determine the worth of goods and services.It enables individuals to determine the cost of a good or service and allows for a common language for pricing.

Medium of exchange:One of the most critical functions of money is to act as a medium of exchange. Money can be used to buy goods and services. Rather than bartering or trading one good for another, cash can be exchanged for a good or service.

To know more about functions of money refer here

https://brainly.com/question/28240274#

#SPJ11

Pacific Electronics has a B2B (Business-to-Business) e-commerce website. This type of website allows them to sell electronic parts to phone manufacturers.

The type of e-commerce website that Pacific Electronics has is B2B (Business to Business).B2B e-commerce refers to online business conducted between companies, rather than between businesses and customers (B2C).

B2B e-commerce is becoming increasingly popular, and it involves one business selling goods or services to another. Manufacturers, wholesalers, and distributors frequently engage in B2B e-commerce.

A B2B e-commerce site can sell goods or services to another business or facilitate transactions between two businesses by acting as a platform. B2B e-commerce portals, such as Alibaba and Amazon Business, act as intermediaries for buyers and sellers, allowing them to connect and trade with one another.

B2B e-commerce has become more widespread in recent years, with many businesses seeing the benefits of buying and selling online. It allows businesses to reach a larger audience, expand their reach, and access a wider range of goods and services. It also speeds up the purchasing process while saving time and money for both businesses.

Learn more about e-commerce here:

https://brainly.com/question/13165862

#SPJ11

The payback period for this project, with an initial cost of $7,500 and cash inflows of $1,100, $1,640, $3,800, and $4,500 a year over the next four years, respectively, is 2.67 years. The calculation for the payback period is: 7,500 / (1,100 + 1,640 + 3,800 + 4,500) = 2.67 years.

To calculate the payback period, you need to determine how long it will take to recover the initial investment of $7,500 from the cash inflows generated by the project.

are one, you subtract the cash inflow from the initial investment to get the remaining investment:

Year 1: $7,500 - $1,100 = $6,400

Moving on to year two, you subtract the cash inflow from the remaining investment from year one:

Year 2: $6,400 - $1,640 = $4,760

Then, for year three:

Year 3: $,760 - $3,800 = $960

Finally, for year four:

Year 4: $960 - $4,500 = -$3,540

The payback period is the time it takes to recover the initial investment, which is at the end of year three. However, because there is still a negative balance in year four, the payback period needs to be adjusted to account for the remaining investment.

Read more about finance here:https://brainly.com/question/989344

#SPJ11

The statement that lawyers work in pleasant surroundings at low risk of injury, but they generally receive higher pay than construction workers because: Lawyers work in pleasant surroundings at low risk of injury, but they generally receive higher pay than construction workers because of their higher education and specialized skills.

The level of education required for a lawyer is much higher than for a construction worker. Lawyers usually have completed an undergraduate degree and then have gone to law school for at least three years. During their education, they have learned skills such as research, writing, and critical thinking, as well as specialized knowledge of the law. These skills and knowledge are in high demand and are what allow lawyers to command higher salaries.Construction workers typically do not require as much education and training as lawyers. While there may be some specialized skills required for certain construction jobs, the overall level of knowledge and education required is generally lower than that of a lawyer. This is why construction workers typically receive lower pay than lawyers, even though their jobs may involve more physical labor and a higher risk of injury.

To know more about proffesions click on below link :

https://brainly.com/question/12668758#

#SPJ11

The average fixed manufacturing cost per unit produced is calculated by dividing total fixed costs by the number of units produced. In this case, if 12,500 units were produced and sold, the average fixed manufacturing cost per unit is calculated by dividing total fixed costs by 12,500 units.

Total fixed costs can be found by subtracting the variable manufacturing costs from the total costs. This can be calculated by multiplying the variable costs by the number of units produced and subtracting it from the total cost of production. After subtracting variable costs, divide the resulting number by the number of units produced to find the average fixed manufacturing cost per unit.

Therefore, the formula to calculate the average fixed manufacturing cost per unit produced is as follows: Average fixed manufacturing cost per unit produced = (Total cost of production - (Variable cost per unit x Number of units produced)) / Number of units produced.

In this case, the average fixed manufacturing cost per unit produced is equal to (Total cost of production - (Variable cost per unit x 12,500)) / 12,500.

To learn more about manufacturing cost  here:

https://brainly.com/question/8873972#

#SPJ11

The natural rate of unemployment (NRU) occurs when elimination tool is  frictional unemployment is no more than 2%. (option d).

Frictional unemployment, which refers to the temporary unemployment that occurs as workers search for new jobs or enter the workforce, is a natural part of the labor market and is generally not included in the NRU calculation.

However, it is important to keep frictional unemployment at a reasonable level, typically around 2%, to ensure that workers can move between jobs and that employers can find the workers they need.

In summary, the NRU is the level of unemployment that exists when the labor market is in equilibrium, and there is no cyclical unemployment. It is determined by various factors and is typically measured by the number of job seekers being equal to the number of job vacancies.

So, the correct option is (d).

To know more about unemployment here

https://brainly.com/question/14227610

#SPJ4

An economy that contains elements of private enterprise and government intervention is called a mixed economy.

A mixed economy is an economic system that combines elements of both capitalism and socialism. It has characteristics of both capitalism and socialism, but it is not purely either of them. It's a hybrid system that blends the best of both worlds.

What is a private enterprise? A private enterprise is a system in which businesses are owned and operated by individuals or groups of individuals. In a private enterprise system, the government has little or no involvement in the operation of businesses.

What is government intervention? Government intervention refers to the involvement of the government in the operation of the economy. The government may use its power to regulate or control economic activity, to redistribute income and wealth, or to provide public goods and services. Government intervention is often seen as necessary to correct market failures and ensure that the economy operates efficiently and fairly. However, too much government intervention can be harmful to economic growth and development.

Learn more about government intervention https://brainly.com/question/30416392

#SPJ11

Using the units-of-production method, the book value of the machine at the end of the second year is $108,400.

What is the Units-of-production method?

The units-of-production method is a depreciation method that enables a company to compute the depreciation of a particular asset by using the total number of units that the asset generates during its useful life.

To calculate the depreciation expense, first, we will find the depreciation cost per unit of production.

Depreciation cost per unit of production = (Cost of an asset - Salvage value) / Total number of units of production

                                                                    = ($190,000 - $10,000) / 75,000 bolts

                                                                    = $2.40 per bolt

Accumulated depreciation at the end of year 2 = Depreciation cost in year 1 + Depreciation cost in year 2

                                                                               = (15,000 bolts × $2.40 per bolt) + (19,000 bolts × $2.40 per bolt)                            

                                                                               = $81,600

Book value of the machine at the end of year 2 = Cost of an asset - Accumulated depreciation

                                                                                = $190,000 - $81,600

                                                                                = $108,400

Therefore, the correct answer is option D.

learn more about the Units-of-production method here:

https://brainly.com/question/15731283

#SPJ11

Answer: The answer would be option B

Explanation:

customer service refers to the after-sales assistance the company provides to those who buy its product. It focuses on keeping the customer happy and maintaining a positive relationship with them

hope this helped :) <3

To predict job satisfaction for your employees, the most important facet of personality to consider is likely Conscientiousness. Conscientiousness is the tendency to be reliable, organized, and task-oriented. High levels of Conscientiousness are associated with higher job satisfaction, making it the most important personality trait to consider when predicting job satisfaction.

Conscientiousness is the most important personality trait to consider when predicting job satisfaction for your employees. High levels of Conscientiousness are associated with higher job satisfaction, meaning those with higher levels of Conscientiousness are more likely to be satisfied in their jobs.

Learn more about Conscientiousness: https://brainly.com/question/4443909

#SPJ11

As per the stipulation, the smallest amount of money Evelyn must receive such that she will judge the transaction to be fair and not reject the offer is $50.

When there is a stipulation like this, it's important to consider the perspective of the person who is receiving the smaller portion of the money. In this case, that person is Evelyn.

We need to find the minimum amount of money that Evelyn would consider fair, so that she does not reject the offer.

One way to approach this is to use the concept of "equal shares." If Janet and Evelyn were to split the $100 equally, they would each receive $50. If Janet were to offer Evelyn anything less than $50, it would likely be perceived as unfair and may result in Evelyn rejecting the offer.

To know more about stipulation  here

https://brainly.com/question/30695090

#SPJ4

It will take approximately 30 months for this customer's accounts payable balance to be paid off. The current balance of $14,720 will be paid in installments of $500 per month with 0.9 percent interest being charged each month.

This interest will be computed each month, and applied to the balance. At the end of each month, the interest portion of the payment will be deducted from the balance, and the remaining amount will be applied to the principal, reducing the balance further.

This will continue until the balance is paid up, in approximately 30 months. This repayment schedule is based on the principle of compound interest, meaning that the interest is calculated not only on the principal amount, but also on the interest accrued from the previous months.

This repayment plan allows the customer to slowly reduce their balance over time and pay off their accounts payable balance.

Know more about compound interest here

https://brainly.com/question/14295570#

#SPJ11