AFP
CTP · Question #349
(Topic 4) PTC Corporation has determined that the threshold amount for initiating a wire transfer vs. an ACH payment for concentrating funds is $60,225. Wires cost $9.00 and save one day of float…
The correct answer is A. $0.75. See the full explanation below for the reasoning.
Question
- (Topic 4)
PTC Corporation has determined that the threshold amount for initiating a wire transfer vs. an ACH payment for concentrating funds is $60,225. Wires cost $9.00 and save one day of float. If the opportunity cost is 5%, what is the cost of the ACH payment?
Options
- A$0.75
- B$0.80
- C$0.90
- D$1.00
How the community answered
(37 responses)- A76% (28)
- B14% (5)
- C8% (3)
- D3% (1)
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