Find the Break-Even Size of Wire Transfer If the Cost

question 89

Multiple Choice

Find the break-even size of wire transfer if the cost of wire transfer is $20,the daily interest rate is 0.02%,and the reduction in float is 3 days.

• A) $1,000
• B) $25,000
• C) $33,333
• D) $100,000

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Definitions:

Legal-Political Conditions

The framework of laws and political climate within which individuals, organizations, and businesses operate.

General Environment

The broad external conditions that affect organizations and their operations, including economic, legal, political, social, and technological factors.

Uncertainty and Volatility

Conditions characterized by unpredictable changes and a lack of stability, often referring to economic or financial markets.

Mechanistic

Describing an organizational structure that is highly formal, rigid, and bureaucratic, focusing on hierarchy, defined roles, and rules.