Action Machining Company Purchased a Robot-Controlled Lathe for $180,000 and Financed

question 47

Multiple Choice

Action Machining Company purchased a robot-controlled lathe for $180,000 and financed the full amount at 12% annual simple interest for 3 years. The simple interest on the loan is $64,800. Find the monthly payment. Round your answer to the nearest cent.

• A) $3200.00
• B) $5000.00
• C) $1800.00
• D) $6800.00
• E) $5440.00

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Definitions:

Offshoring

The practice of relocating a company's business process or production to a foreign country to reduce costs.

HR Planning

The process of identifying and addressing the human resources needs of a company to achieve its business objectives.

Strategic Change

The process of implementing significant adjustments in an organization's direction, operations, or capabilities to address major challenges or opportunities.

Line Managers

Individuals directly responsible for overseeing the production of goods and services and managing the staff.