A manager would like to develop a funds concentration policy for her staff to use to determine
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A manager would like to develop a funds concentration policy for her staff to use to determine when to transfer funds using a wire transfer or an ACH transfer. The pertinent information appears below: Each wire costs $15 Each ACH transfer costs $0.75 Opportunity cost of funds is 5 percent Earnings credit rate is 1 percent Reserve requirement ratio is 10 percent a. For a mid-week transfer, what is the minimum transfer balance that justifies a wire transfer? b. For transfers made on Friday, what is the minimum transfer balance that justifies a wire transfer
Related Book For
Introduction To Health Care Management
ISBN: 9781284081015
3rd Edition
Authors: Sharon B. Buchbinder, Nancy H. Shanks
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