Bavarian Sausage Cash Transfer
Bavarian Sausage needs to transfer $250,000 from its deposit account into its concentration account. The company could do it with an EDT which would cost $1.50 or a wire transfer for $17. The wire transfer would result in the funds being deposited in the concentration account 2 days earlier. The firm's opportunity cost is 10% and we assume a 360 day year.
-What is the minimum transfer amount for which the transfer would be beneficial for Bavarian Sausage?
A) $55,800
B) $27,900
C) $13,850
D) $41,950
Correct Answer:
Verified
Q2: Bavarian Brew Float
Bavarian Brew receives about 350
Q3: Your supplier offers you trade terms of
Q4: You are contemplating purchasing a $1,000,000 181
Q5: A collection system that is characterized by
Q5: A collection system that is characterized by
Q6: You are contemplating purchasing a $1,000,000 181
Q7: Bavarian Sausage Cash Transfer
Bavarian Sausage needs to
Q8: Bavarian Brew Float
Bavarian Brew receives about 350
Q10: Funds that have been sent by the
Q11: Bavarian Sausage Cash Transfer
Bavarian Sausage needs to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents