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azamat
2 years ago
13

Harlan Corporation deposits $225,000 every June 30th and December 31st in a savings account (beginning in the current year) for

the next three years so that it can purchase a new piece of machinery at the end of three years. The interest rate is 4%. How much money will Harlan Corporation have at the end of three years
Business
1 answer:
Dmitry_Shevchenko [17]2 years ago
6 0

Answer:

$1,419,327.22

Explanation:

The formula for calculating the Future Value (FV) of an Ordinary Annuity is used as follows:

FV = M × {[(1 + r)^n - 1] ÷ r} ................................. (1)

Where,

FV = Future value of the amount after 3 years = ?

M = Annuity  payment = $225,000

r = Semi annual interest rate = 4% ÷  2 = 2%, 0.02

n = number of periods the investment will be made = 3 × 2 = 6

Substituting the values into equation (1), we have:

FV = $225,000 × {[(1 + 0.02)^6 - 1] ÷ 0.02} =  $1,419,327.22

Therefore, Harlan Corporation will have $1,419,327.22 at the end of three years.

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Operations management moves from knowing the needs of consumers to actually satisfying those needs.a) trueb) false
Mariana [72]

Answer:

<u>True</u>

<u>Explanation:</u>

Remember, no business operations would exist if there aren't any identified customer needs to solve.

Also, we need to bear in mind that Operations management activities are done in any business in other to efficiently (profitably) process raw materials,  labor, etc into the goods and services needed by consumers.

8 0
3 years ago
Which of the following is not an example of how you can reduce the full
andrezito [222]

To reduce the cost of higher education, what should not be done is to get low grades, because they can sanction you and you will have to repeat some subjects.

<h3>What is higher education?</h3>

Higher education is the education that a person accesses to specialize professionally in an area of ​​knowledge. Higher education is found in universities and there different specialized subjects are taken around a profession.

<h3>What to do to reduce the value of higher education?</h3>

To reduce the value of higher education, some students access scholarships that allow them to reduce these costs. However, scholarships generally require them to have high grades and maintain a high level of academic performance.

Therefore, if we want to reduce these costs we must get high grades and maintain a high average. On the other hand, if our grades are low, we are going to increase costs because we are going to have to pay for additional classes or repeat some of them.

Learn more about higher education in: brainly.com/question/2500637

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7 0
2 years ago
Snyder Painting is transitioning to an ABC system. So far, the company has traced its costs back to several different activities
Andreyy89

Answer:

Snyder Painting

If Snyder wants to reduce its non-value-added activities to the greatest extent possible, it should concentrate its efforts on reducing the amount of time and money it spends on

B. paint storage.

Explanation:

a) Identified Activities of Snyder Painting:

A. customer consultation.

B. paint storage.

C. site preparation and cleanup.

D. onsite paint application.

b) Non-value added activities are activities that are currently necessary and consume resources but do not add value to the company's product or service.  For example, equipment set-up, parts inspection, recording job time, job scheduling, product storage, and customer billing. These activities should be reduced to the barest minimum in order to maximize value.

8 0
3 years ago
If a firm in a perfectly competitive market shuts down in the short run, it will:
Fittoniya [83]

Answer:

C. lose money equal to its total fixed costs.

Explanation:

The revenue of a firm in a perfectly competitive market depends on the forces of demand and supply. If such a firm consistently operates at a loss in the short run, it means that its price is lower than its average variable costs or revenues are lower than its total costs. If it shuts down, it won't be incurring variable costs but only lose money equal to fixed costs making choice C correct.

8 0
2 years ago
Write a 600 word summary in your own words that identifies the main points you learned. Your summary should include at least one
Sveta_85 [38]

Answer:

heck no I'm definitely not writing that for you. ur lazy.

4 0
2 years ago
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