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CTP · Question #277
(Topic 3) BEA Company has determined its breakeven dollar amount for concentrating remote funds is $550.00. BEA Company has a daily earnings rate of 6% and gains one day of accelerated funds. If a…
The correct answer is B. $2.00. See the full explanation below for the reasoning.
Question
- (Topic 3)
BEA Company has determined its breakeven dollar amount for concentrating remote funds is $550.00. BEA Company has a daily earnings rate of 6% and gains one day of accelerated funds. If a wire costs BEA $35.00 dollars, what is the cost of an electronic funds transfer for BEA Company?
Options
- A$1.00
- B$2.00
- C$3.00
- D$4.00
How the community answered
(25 responses)- A8% (2)
- B72% (18)
- C16% (4)
- D4% (1)
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