Acompany buys a machine for $12,000, which it agrees to pay for in five equal annual payments, beginning 1 year after the date of purchase, at an annual interest rate of 4%. immediately after the second payment, the terms of the agreement changed to allow the balance due to be paid off in a single payment the next year. what is the final single payment (at the end of 3rd year)?

Amanufacturing firm is considering overhauling the existing compensation strategy. currently every front line employee who works on the assembly line earns the same hourly wage. ideally, management would like to institute a new pay system that involves pay-for-performance. which of the following recommendations is both consistent with scientific management's general emphases and generally good advice for management of this firma. the firm should adopt a differential pay system with one pay level for average performance, and a higher level for good performance. b. the firm should adopt a differential pay system, but the firm should modify it from its original design and provide many different levels of pay associated with different performance levels. c. the firm should understand worker psychology and to focus on pay as the key motivator. d. all of the abovee. none of the above