Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

3) Company XYX pays $10.00 for a wire and $.50 for an ACH transaction. They are wondering if it is a good idea to wire

image text in transcribed

3) Company XYX pays $10.00 for a wire and $.50 for an ACH transaction. They are wondering if it is a good idea to wire the funds or ACH funds received in their Collection Bank Account to their Concentration Bank Account. If the funds are received in the Collection Bank Account on a Tuesday, what is the break-even amount for a wire instead of an ACH? If the funds are received in the Collection Bank Account on a Friday, what is the break-even amount for a wire instead of an ACH? The firm's annual opportunity cost is 4.0%. 3) Company XYX pays $10.00 for a wire and $.50 for an ACH transaction. They are wondering if it is a good idea to wire the funds or ACH funds received in their Collection Bank Account to their Concentration Bank Account. If the funds are received in the Collection Bank Account on a Tuesday, what is the break-even amount for a wire instead of an ACH? If the funds are received in the Collection Bank Account on a Friday, what is the break-even amount for a wire instead of an ACH? The firm's annual opportunity cost is 4.0%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Worlds First Stock Exchange

Authors: Lodewijk Petram

1st Edition

0231163789,0231537328

More Books

Students also viewed these Finance questions