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azamat
3 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]3 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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Answer:

Lewis Incorporated Cost Of Goods Sold      $ 145,600

Clark Enterprises   Cost Of Goods Sold      $103,400

Explanation:

Lewis Incorporated

Inventory (beginning)                                $ 16,000

Add Purchases 146,600

Less Purchase returns 7,000

Net Purchases                                            139,600

Less Inventory (ending)                              ( 10,000 )

Cost Of Goods Sold                                  $ 145,600

Clark Enterprises

Inventory (beginning)                                  $ 42,000

Add Purchases  165,400

Less Purchase returns 52,000

Net Purchases                                                 113,400

Less Inventory (ending)                                    ( 52,000)

Cost Of Goods Sold                                         $103,400

The brackets indicate that the amount is deducted.

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under-applied overheads is $1,340

Explanation:

Note : I have attached the full question/similar as an image below.

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Amount of under-applied overheads is $1,340 ($594,960 - $593,620).

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The action of New Balance, Inc. to successfully reposition its athletic shoes to focus on fit, durability, and comfort rather than competing head-on against Nike and Adidas in fashion and professional sports is <u>A. a reaction to a </u><u>competitor's position</u><u>.</u>

<h3>What is competitive positioning?</h3>

Competitive positioning is offering and creating value for your customers and brand in the market.

The following four competitive positions can be assumed by an entity, depending on the adopted market strategies:

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<h3>Answer Options:</h3>

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Answer:

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