Zerobalance account14.16 Zero-balance account Union Company is considering establishment of a zerobalance account. The firm currently maintains an average balance of $420 000 in its disbursement account. As compensation to the bank for maintaining the zerobalance account the firm will have to pay a monthly fee of $1 000 and maintain a $300 000 non interest-earning deposit in the bank. The firm currently has no other deposits in the bank. Evaluate the proposed zero-balance account and make a recommendation to the firm assuming that it has a 12% opportunity cost.
Zerobalance account Union Company is considering establishment of a zerobalance account
by admin | Sep 6, 2025 | Statistics
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