Given the cash transfer data for Lockwood, complete the following table. Transaction size Average cash balance...

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Given the cash transfer data for Lockwood, complete the following table. Transaction size Average cash balance Total annual cash-related holding costs Annual number of transactions Total annual transaction costs Total annual cost of cash balances Cash Transfer Analysis for Lockwood Company Activities Suggested by the Baumol Model Current Activities $17,748 Should you recommend to Jax Brown that the size and frequency of the company's cash transfers be changed? Why? Yes, because the total cash costs associated with transfers based on the Baumol model are less than those associated with the current transfers. No, because the total holding costs associated with transfers based on the Baumol model are less than those associated with the current transfers. No, because the total transaction costs associated with transfers based on the Baumol model are greater than those associated with the current transfers. Yes, because the total cash costs associated with the current transfers are less than those associated with transfers based on the Baumol model. Given the cash transfer data for Lockwood, complete the following table. Transaction size Average cash balance Total annual cash-related holding costs Annual number of transactions Total annual transaction costs Total annual cost of cash balances Cash Transfer Analysis for Lockwood Company Activities Suggested by the Baumol Model Current Activities $17,748 Should you recommend to Jax Brown that the size and frequency of the company's cash transfers be changed? Why? Yes, because the total cash costs associated with transfers based on the Baumol model are less than those associated with the current transfers. No, because the total holding costs associated with transfers based on the Baumol model are less than those associated with the current transfers. No, because the total transaction costs associated with transfers based on the Baumol model are greater than those associated with the current transfers. Yes, because the total cash costs associated with the current transfers are less than those associated with transfers based on the Baumol model.