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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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Based on predicted production of 24,200 units, a company anticipates $220,000 of fixed costs and $435,600 of variable costs. If
Doss [256]

Answer:

Variable cost = $340,200

Fixed cost = $220,000

Explanation:

Given that,

At Predicted production = 24,200 units,

Fixed costs = $220,000

Variable costs = $435,600

Per unit variable cost:

= Variable costs ÷ No. of units produced

= $435,600 ÷ 24,200

= $18 per unit

Total cost at 24,200 units,

= Variable costs + Fixed cost

= $435,600 + $220,000

= $655,600

Total cost at 18,900 units,

= Variable costs + Fixed cost

= ($18 × 18,900) + $220,000

= $340,200 + $220,000

= $560,200

Note: Fixed cost does not changes with the change in the output level.

8 0
3 years ago
Question:
valina [46]

Answer:

Explanation:

The journal entries are shown below:

1. Purchase A/c Dr $8,500

       To Accounts payable A/c $8,500

(Being purchase of inventory is made on credit)

2. Freight-in A/c Dr $45

         To Cash A/c $45

(Being freight charges is paid for cash)

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       To Accounts payable A/c $11,985

(Being purchase of inventory is made on credit)

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         To Cash A/c $20,280.15

         To Purchase discount A/c 204.85   ($20,485 × 1 %)

(Being the payment is recorded)

6 0
3 years ago
Match each scenario with the correct term. IPO, stock, mutual fund and NASDAQ. These are the scenarios:
earnstyle [38]

a small piece of ownership in a company - stock

a company’s initial offering of stock - IPO

a portfolio of stocks and bonds - mutual funds

a public stock exchange - NASDAQ

5 0
3 years ago
Read 2 more answers
A document that describes the following items would be most likely called a :_________.
bazaltina [42]

Answer: a. Customer Persona

Explanation:

A customer persona simply refers to information relating to the life of a person. It includes their demographic information such as their gender, age and marital status and it includes some psychographic information as well such as personality.

Customer personas help marketers group people and their buying behavior so that they can be better targeted for the goods and services being sold based on their demographic and psychographic information.

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3 years ago
The practice of changing prices for products in real time in response to supply and demand conditions is referred to as
amm1812

Answer:

Dynamic pricing

Explanation:

In simple words, Dynamic pricing, often alluded to as rising rates, vibrant pricing as well as period-based pricing, relates to the pricing technique under which companies set variable prices for goods or commodities on the basis of existing consumer demands. A main benefit of competitive pricing seems to be the opportunity to increase the income with each consumer.

8 0
3 years ago
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