Tritonic Is Considering Switching from Depository Transfer Checks to Using

question 60

Multiple Choice

Tritonic is considering switching from depository transfer checks to using wire transfers for sending funds from its local banks to its bank in Chicago. The cost of the wire transfer is $5.25 more than the cost of depository transfer checks. The change would reduce the total float by 3 days. Tritonic can earn 8.5% on the funds released through the more efficient transfer. If Tritonic has 30 local banks, what annual sales level would the firm require before the change to wire transfers would be profitable? (Assume there are 250 business days each year.)

• A) $391,544,118
• B) $56,360,294
• C) $84,286,029
• D) $1,149,750

Comprehend the importance and methods of effective delegation and team management.

Understand the role of interpersonal communication in forming and affecting relationships.

Distinguish between various types of interpersonal relationships within a professional context.

Appreciate the significance of nonverbal cues in communication and conflict.

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Definitions:

Schizophrenia

A chronic mental disorder characterized by distorted thinking, perceptions, emotions, language, sense of self, and behavior.

Axis

An imaginary line about which a body rotates, or a straight line around which things are evenly arranged.

Self-Report Measure

A method of gathering data by asking individuals to report their own thoughts, feelings, behaviors, or experiences.

Projective Test

is a psychological assessment tool used to uncover unconscious desires, feelings, and conflicts, typically through ambiguous stimuli.