In order to justify the cost of using a wire transfer instead of an EDT (electronic depository
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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 $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 |
Expert Answer:
To determine the minimum transfer amount that would justify a wire transfer when the EDT availabilit... View the full answer
Related Book For 
Introduction to Corporate Finance What Companies Do
ISBN: 978-1111222284
3rd edition
Authors: John Graham, Scott Smart
Posted Date:
