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kupik [55]
3 years ago
6

One of your customers is delinquent on his accounts payable balance. youâve mutually agreed to a repayment schedule of $660 per

month. you will charge 1.06 percent per month interest on the overdue balance. if the current balance is $14,880, how long will it take for the account to be paid off

Business
1 answer:
Ahat [919]3 years ago
5 0
N=log((1−14,880×0.0106÷660)^(−1))÷log(1+0.0106)=25.9 months

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decrease and average total cost to increase

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Based on the information provided within the question it can be said that in this scenario we would expect Joe's output to decrease and average total cost to increase. This is mainly due to the fact that Joe's Juice Shop is in a monopolistically competitive market meaning that one company controls and dominates the entire market which will ultimately put Joe's Juice Shop out of business.

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<h3>What do you mean by risk management strategy?</h3>

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learn more about risk management strategy refer:

brainly.com/question/14455706

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