All categories

3 years ago

What is the first phase of the money laundering process called?

1 answer:

5 0

Money laundering involves three steps: The first involves introducing cash into the financial system by some means ("placement")

You might be interested in

At a recent family gathering you overheard your two brothers debating the merits of their vacation savings plans. Kyle, your you

Oliga [24]

Hxbdnd dnndbfjdgbbdbvdbddbdbbfvfvdvffbffvfvfvfdvdgfvffvffgfg

5 0

3 years ago

What type of planning is conducted by the organization to prepare for, react to, and recover from events that threaten the secur

sattari [20]

Answer:

Contingency plan.

Explanation:

Contingency plan is a plan conducted by an organization to prepare for , react to and recover from events that threaten the security of information and information assets in the organization , and the subsequent restoration to normal modes of business operations.

It prepares the organization for any potential risk , as response to such risk will be fats and timely , and consequently , loss are minimized.

4 0

3 years ago

g "Walblue imports a desk from a French manufacturer for sale in its chain of U.S. stores. The cost of a desk to Walblue is 3,70

klasskru [66]

Answer: $3312.4

Explanation:

The exchange rate in the rate at which a currency is being converted for another currency in the foreign exchange market. From the question, we are told that Walblue imports a desk from a French manufacturer for sale in its chain of U.S. stores.and that the cost of a desk to Walblue is 3,700 euros (€).

The dollar cost of one of these desks if the exchange rate is currently 1.117 euros per U.S. dollar goes thus:

$1 = €1.117

Therefore, €3700 will be converted to dollars as:

= 3700/1.117

= $3312.4

The answer is $3312.4

7 0

3 years ago

Assuming the Sporty line is discontinued, total fixed costs remain unchanged, and the space formerly used to produce the Sporty

Svetllana [295]

Answer:

c. Increase of $192,500

Explanation:

Note: The full question is attached

Particulars Luxury Amount$

Sales $950,000

(380000*250/100)

Less: Variable cost $612,500

(245000*250/100 )

Total contribution $337,500

Less: Fixed expenses $80,000

Net Operating Income $257,500

Change in Operating Income = New Profit - Existing profit = $257,500 - $65,000 = $192,500

Hence, there is an increase of $192,500

8 0

3 years ago

Hawk Corporation purchased 10,000 Diamond Corporation bonds in 2015 for $61 per bond and classified the investment as securities

Pavel [41]

Answer:

Explanation:

In this question ,we take the difference of the per bond value based on the year. The computation is shown below:

During 2015 to During 2017:

= Number of bonds purchased × (December 31, 2017 value - 2015 value)

= 10,000 × ($92 - $61)

= 10,000 × $31

= $310,000

During 2018:

= Number of bonds purchased × (December 31, 2018 value - 2017 value)

= 10,000 × ($146- $92)

= 10,000 × $54

= $540,000

So, the total amount would be

= $310,000 + $540,000

= $850,000

This amount which reflect in the income statement as a realized gain

6 0

3 years ago