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2 years ago

Which stage of the money laundering process occurs when funds gained from criminal activity enter the financial institution?.

1 answer:

5 0

Integration is the stage of the money laundering process occurs when funds gained from criminal activity enter the financial institution.

<h3>What is money laundering?</h3>

Money laundering is the illegal way of financial transaction which is gained illegally. The procedure of money laundering can be divided into three steps. First, the money ends up in the hands of the launderer as a result of criminal activities.

Thus, it is integration.

For more details about Money laundering, click here:

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Answer: Dynamic of need

Explanation: There are two words of importance here. Dynamic and need.

Dynamic: when a person, place, or thing is energetic and active, this is know as being dynamic.

When something is dynamic it goes through a lot of process. Example: Someone with a dynamic personality is usually funny.

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4 years ago

Sole Purpose Shoe Company is owned and operated by Sarah Charles. The company manufactures casual shoes, with manufacturing faci

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Answer:

Sole Purpose Shoe Company

The reason for Sarah to want to use standard costs to compare with her actual costs is:

A) Management can evaluate the differences between standard costs and actual costs to focus on correcting the cost variances.

Explanation:

Standard costs provide a control technique for evaluating the Sole Purpose Shoe Company's performance at three levels: a standard performance level, a measure of actual performance, and a measure of the difference (variance) between standard and actual costs. Sarah will use the variance resulting from the comparison of standard costs with actual costs to measure the non-financial performance of the entity.

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3 years ago

Joplin Industries Inc. manufactures and sells high-quality sporting goods equipment under its highly recognizable J-Sports logo.

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Answer:

a. Joplin Industries Inc.

Absorption Costing Income Statement

For the Month Ended June 30

Sales $81,000,000

Less: Beginning inventory $4,387,200

Cost of goods manufactured $45,756,000

Cost of goods sold $50,143,200

Gross Profit $30,856,800

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Operating Income $17,734,800

b. Joplin Industries Inc.

Variable Costing Income Statement

For the Month Ended June 30

Sales $81,000,000

Variable cost of goods sold $40,500,000

Manufacturing Margin $40,500,000

Selling and Administrative Expenses $12,150,000

Contribution Margin $28,350,000

Fixed cost

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3 years ago

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Studentka2010 [4]

Answer:

False

Explanation:

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Soft goods refers generally to clothing and other textiles like bedding and fabrics.

Hard goods refers to a broad range of products like appliances, furniture, tools, electronics, etc.

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3 years ago

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Explanation:

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