Question
In order to justify the cost of using a wire transfer instead of an EDT (electronic depository transfer), your company must transfer a minimum of
In order to justify the cost of using a wire transfer instead of an EDT (electronic depository transfer), your company must transfer a minimum of $200,000. The EDT has a one business day availability. If the EDT availability were two business days, what is the minimum transfer amount that would justify a wire transfer?
| a. | $100,000 | |
| b. | $200,000 | |
| c. | $400,000 | |
| d. | the amount cannot be calculated without more information |
Step by Step Solution
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Step: 1
To determine the minimum transfer amount that would justify a wire transfer when the EDT availabilit...
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Introduction to Corporate Finance What Companies Do
Authors: John Graham, Scott Smart
3rd edition
9781111532611, 1111222282, 1111532613, 978-1111222284
