The Green Transfer Co

question 110

Essay

The Green Transfer Co.utilizes a concentration banking system and is determining whether to request wire transfers or depository transfer checks.What would you suggest,given the following: wire transfer saves 3 days of float but increases costs by $45.The current interest rate is 10% annually.Next year,however,technological changes will occur that reduce the float savings to 2 days from 3,and the incremental costs will be reduced to $35.

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Definitions:

Presbyopia

A natural age-related loss of the eyes' ability to focus on close objects, due to the hardening of the lens inside the eye.

Elasticity

In economics, it measures how the quantity demanded or supplied responds to changes in price or income.

Optometrist

A healthcare professional who provides primary vision care, ranging from sight testing and correction to the diagnosis, treatment, and management of vision changes.

Lens

The transparent disk-shaped structure behind the iris and the pupil that changes shape as it focuses on objects at varying distances.