Briefly describe each of the following funds transfer mechanisms: Automated clearinghouse (ACH) debit transfer Wire
Question:
• Automated clearinghouse (ACH) debit transfer
• Wire transfer
Why are wire transfers typically used only for high-dollar transfers?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
An automated clearinghouse debit transfer is a preauthorized electronic withdrawal from the pa...View the full answer
Answered By
Muhammad Haroon
More than 3 years experience in teaching undergraduate and graduate level courses which includes Object Oriented Programming, Data Structures, Algorithms, Database Systems, Theory of Automata, Theory of Computation, Database Administration, Web Technologies etc.
5.00+
3+ Reviews
10+ Question Solved
Related Book For
Introduction to Corporate Finance What Companies Do
ISBN: 978-1111222284
3rd edition
Authors: John Graham, Scott Smart
Question Posted:
Students also viewed these Finance questions
-
Briefly describe each of the following funds transfer mechanisms: Depository transfer check (DTC) Automated clearinghouse (ACH) debit transfer Wire transfer Why are wire transfers typically used...
-
Briefly describe each of the major segments to be covered in a business plan.
-
Describe each of the following database issues that are relevant to accounting systems, and give an example of each: (1) Data integrity (2) Transaction accuracy and completeness (3) Concurrency...
-
4. Apple Inc. is a US-based technology company that plans to invest in a new research and development center in Europe and aims to raise the required funds as follows: < < - - A bond issue of...
-
Why is observation becoming a more important component of consumer research? Describe two new technologies that can be used to observe consumption behavior and explain why they are better to use than...
-
Fuller Sporting Goods Corporation makes two types of racquets, tennis and badminton. The company uses the same facility to make both products even though the processes are quite different. The...
-
Describe the decision-making process.
-
Fey Companys organization chart includes the president; the vice president of production; three assembly plantsDallas, Atlanta, and Tucson; and two departments within each plantMachining and...
-
Assignment: Building Apps (Mobile App vs Website) Using the industry where you currently work or have worked before, write a 2 to 3-page proposal recommending your choice between Android or iOS From...
-
Bob and carol was divorced and Bob no longer wanted to keep the $100,000 life insurance policy he had previously purchased. He sold the policy to his friend Bill for $10,000 and Bill named himself...
-
What is a lockbox system? How does it typically work? Briefly describe the economics involved in performing a cost-benefit analysis of such a system.
-
What is the goal with regard to managing accounts payable as it relates to the cash conversion cycle ? Briefly describe the process involved in managing the accounts payable function.
-
The average age of a part-time seasonal employee at a Vail Resorts ski mountain has historically been 37 years. A random sample of 50 part-time seasonal employees in 2010 had a sample mean age of...
-
With regards to "Rabba Fine Food's" CRM culture and approaches: summarize your view of the company's strengths and weakness related to CRM, and what improvement recommendations you would suggest to...
-
Consider a small town that has only two Sushi restaurants, A and B. Suppose that it costs $2 to make each sushi (for each store) and that the relation between sales in each month (q, measured in...
-
Write about the role of Myth and Magic in culture and how this can be used on customer behavior studies?
-
8. The markup rate ( m ) is 0.05, the expected price level (Pe) is 0.1, the wage setting equation is: W=Pe (1-u) and the price setting equation is: P=91+m)W. Assume that L=1. A) Calculate the real...
-
Given the following statement: "For any integer n, and any positive integer d, there exist integers q and r such that n = dq + r, where 0
-
Figure 26.68 shows Mssbauer spectra of a sample of ferredoxin from chloroplasts at 77 K. Interpret the data with regard to the oxidation states an spin states of the two Fe atoms and comment on the...
-
Using the theoretical sampling strategy, how many samples of size 4 (n = 4) can be drawn from a population of size: (a) N = 5? (b) N = 8? (c) N = 16? (d) N = 50?
-
The supply of paper is described by the following equation: Qs = 5,000P where Qs is tons supplied per year and P is the price per ton. The demand is described by QD = 400,000 1,000P where QD is tons...
-
The following data show how the marginal external benefit and marginal private benefit associated with a soil treatment agent to control Japanese beetles vary with the gallons of the control agent...
-
The EPA wants to reduce emissions of sulfur dioxides from electric power-generating plants by 20 percent during the next year. To achieve this goal, the EPA will require each power-generating plant...
-
What are the structural and functional adaptations of photosynthetic pigments, such as chlorophylls and carotenoids, and how do they optimize light absorption, energy transfer, and photoprotection in...
-
An analyst gathered the following information for a stock and market parameters: stock beta = 1.5; expected return on the Market = 9.4%; expected return on T-bills = 0.61%; and current stock Price =...
-
You have $55,000 in your retirement account that is earning 4% per year. How many dollars in withdrawals per year would reduce this nest egg to zero in 20 years?
Study smarter with the SolutionInn App