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3 years ago

Which of the following would most likely be required when Implementing an AML program? (Select all that apply.)

Business

2 answers:

Anit [1.1K]3 years ago

7 0

Answer:

Explanation:

elixir [45]3 years ago

7 0

Actually I think it would be c. My explanation for that is because when starting that you would have to have regulations and things like that

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Which of the following is NOT an essential element of a contract for the purchase of a one- to four-family residential resale pr

Lyrx [107]

Answer:

a) Competent parties

Explanation:

This is not an essential element of such a contract because basically we would not expect a minor to be involved in a transaction of a four-family residential resale property.

Remember, competent parties contract requirements are that the two parties in the sale contract should be persons legally and mentally capable of entering into contracts that is enforceable by law.

5 0

3 years ago

Stewart Marketing Inc. manufactures two products, A and B. Presently, the company uses a single plant-wide factory overhead rate

Sophie [7]

Answer:

Allocated MOH= $320

Explanation:

Giving the following information:

Overhead Direct Labor Product

Hours (dlh) A B

Painting Dept. $248,000 10,000 dlh 16 dlh 4 dlh

Finishing Dept. 72,000 10,000 4 16

Totals $320,000 20,000 dlh 20 dlh 20 dlh

First, we need to calculate the plantwide overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 320,000 / 20,000

Predetermined manufacturing overhead rate= $16 per direct labor hour

Now, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 16*20

Allocated MOH= $320

5 0

3 years ago

For Wilton Company, the predetermined overhead rate is 70% of direct labor cost. During the month, $360,000 of factory labor cos

bezimeni [28]

Answer:

The amount of overhead debited to Work in Process Inventory should be: a. $182,00

Explanation:

The Overheads are Applied in the Manufacturing Costs as:

Budgeted Rate × Actual Activity for the Month

At the End of the Period we would need to determined whether this amount of overhead is Over or Under Applied by comparing it to the actual overheads incurred of $180,000 (given)

In our Case, the predetermined overhead rate is 70% of direct labor cost

Thus we need to find the Direct Labor Cost first:

Total Labor Costs $360,000

Less Indirect Labor Costs $100,000

Direct Labor Cost $260,000

Therefore Overheads applied would be determined as:

= $260,000 × 70%

= $182,000

6 0

3 years ago

Read 2 more answers

Material requirements plus an allowance for normal inefficiencies are added together to determine the.

azamat

Material requirements plus an allowance for normal inefficiencies are added together to determine the standard quantity of a direct material per unit of output.

<h3>What is the standard quantity?</h3>

The number of resources that should have been utilized to finish the period's output, as determined by multiplying the actual number of units produced by the standard quantity per unit.
It is calculated by multiplying actual production units by the standard material quantity per unit.
For example, during the month of March, a company manufactured 2000 items.
The typical amount of material needed to produce one unit of output was 5 pounds.
A standard amount against which a quantity is measured [e.g., gram, meter, second, liter, pascal; units of the aforementioned quantities].
Chemists conduct many measurements.
If the mass of a substance is discovered to be 6.0 grams, this can be stated mathematically. m = 6.0 g.

Therefore, material requirements plus an allowance for normal inefficiencies are added together to determine the standard quantity of a direct material per unit of output.

Know more about standard quantity here:

brainly.com/question/17192301

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The complete question is given below:
Material requirements plus an allowance for normal inefficiencies are added together to determine the ___________________ of a direct material per unit of output.

4 0

1 year ago

An agent sells his client 10 U.S. government bonds due to mature in 30 years. According to NASAA's Statement of Policy on Unethi

Artemon [7]

Answer:

The bonds are guaranteed as to principal and interest payments by the US government.

Explanation:

According to NASAA's Statement of Policy on Unethical or Dishonest Business Practices of Broker-Dealers and Agents, a broker can say US government bonds are guaranteed on principal and interest payments.

However if inflation sets in and interest rates rises there is no guarantee from the government that interest paid on the bonds will match the higher interest rate.

So legally this statement is correct, even though the investor can lose money as a result of higher interest rate in the future.

4 0

2 years ago