You Own a Small Machine Shop

question 94

Multiple Choice

You own a small machine shop. You would like to save $180,000 to buy some new equipment two years from now. The plan is to set aside an equal amount of money each quarter, starting today. You
Can earn a 5.3% rate of return. How much does the firm have to save each quarter to achieve this
Goal?

• A) $20,637.04
• B) $20,709.18
• C) $20,711.14
• D) $21,196.31
• E) $21,477.16

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Definitions:

Performance Success

Achieving or exceeding set performance metrics in various aspects such as sales, productivity, or quality, indicating an individual's or organization's effectiveness.

Restructuring

Restructuring changes the scale and/or mix of operations to gain efficiency and improve performance.

Improve Performance

The process of increasing the efficiency, effectiveness, and productivity of an individual, team, or organization.

Customer Structures

Customer structures group together people and jobs that serve the same customers or clients.