Your cash manager is currently using wire transfer to obtain collections from distant locations each time that the cash accumulates to $50,000.Evaluate the financial logic of this policy if the wire transfer costs $20,saves 3 days of mail time,and interest rates average 7% annually.
A) Stop the policy; $8.77 is lost with each transfer.
B) Stop the policy unless the transfer amount is increased to approximately $65,200.
C) Continue the policy at the current transfer amount.
D) Improve policy by reducing transfer amount to $34,800.

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The Answer of Your cash manager is currently using wire transfer to obtain collections from distant locations each time that the cash accumulates to $50,000.Evaluate the financial logic of this policy if the wire transfer costs $20,saves 3 days of mail time,and interest rates average 7% annually.
A) Stop the policy; $8.77 is lost with each transfer.
B) Stop the policy unless the transfer amount is increased to approximately $65,200.
C) Continue the policy at the current transfer amount.
D) Improve policy by reducing transfer amount to $34,800.

Your Cash Manager Is Currently Using Wire Transfer to Obtain