The Green Transfer Co

question 41

Essay

The Green Transfer Co.utilizes a concentration banking system and is determining whether to request wire transfers or depository transfer cheques.What would you suggest, given the following: wire transfer saves three days of float but increases costs by $45.The current interest rate is 10 percent annually.Next year, however, technological changes will occur that reduce the float savings to two days from three, and the incremental costs will be reduced to $35.

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Definitions:

Adjustment Refusal Message

A communication informing a recipient that a request for a change or correction has been denied.

Goodwill Closing

A positive or friendly conclusion to a communication, aimed at maintaining good relations or leaving a favorable impression.

Logical Result

An outcome that naturally follows from the premises or conditions according to principles of logic.

Indirect Claim Request

A polite or subdued approach to making a demand or assertion, often used to avoid confrontation.