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Company XYX pays $10.00 for a wire and $.50 for an ACH transaction. They are...

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Finance

  1. Company XYX pays $10.00 for a wire and $.50 for an ACH transaction. They are wondering if it is a good idea to wire the funds or ACH funds received in their Collection Bank Account to their Concentration Bank Account. If the funds are received in the Collection Bank Account on a Tuesday, what is the break-even amount for a wire instead of an ACH? If the funds are received in the Collection Bank Account on a Friday, what is the break-even amount for a wire instead of an ACH?

    The firms annual opportunity cost is 4.0%.

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