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2 years ago

Which products are considered "covered products" by the Treasury Department and are subject to anti-money regulations?

Business

1 answer:

AURORKA [14]2 years ago

5 0

Answer:

B) C and D

C. Whole life insurance
D. Annuities

Explanation:

Anti-Money Laundering (AML) regulations identified the following insurance products as covered products:

Permanent life insurance policy, other than a group and term life insurance policy
An annuity contract, other than a group annuity contract
Any other insurance product with features of cash value or investment.

The AML's main goal is detect and stop terrorist financing.

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In terms of memory, what is a chunk?

dexar [7]

In terms of memory, the chunk is a b. A cluster of information.

Chunking refers to the method of taking person pieces of statistics and grouping them into large devices. by grouping every statistics factor into a bigger entire, you can improve the number of facts you may recollect. probable the maximum not unusual instance of chunking takes place in cellphone numbers.

chunking: organizing information into doable bits or chunks. elaborative practice session: thinking about the means of the brand new statistics and its relation to information already stored in your reminiscence.

a bit is a group of factors that are strongly associated with each different, however, are weakly associated with factors in other chunks. Chunking. Combining small gadgets into large ones, such as whilst individual phrases are mixed right into a meaningful sentence. Chunking may be used to increase the capability of memory.

Learn more about Chunking here: brainly.com/question/1119213

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8 0

1 year ago

On July 1, Shady Creek Resort borrowed $250,000 cash by signing a 10-year, 8% installment note requiring equal payments each Jun

Vinvika [58]

Answer:

Interest expense = $20,000

Explanation:

<em>Loan Amortization: A loan repayment method structured such that a series of equal periodic installments will be paid for certain number of periods to offset both the loan principal amount and the accrued interest. </em>

The annual installment is computed as follows:

Annual installment= Loan amount/annuity factor

Annual installment is already given as = 37,258 (already given)

Interest payment = interest rate × Loan balance at the beginning of the year

DATA

Interest rate = 8%

Loan balance at the beginning of the year = $250,000

Interest expense = 8%× 250,000 = $20000

Principal paid = Annual installment - Interest = 37,258-20,000 = 17,258 <em>(this is not required but to explain the concept)</em>

Interest expense = $20,000

3 0

2 years ago

Kim works for a clothing manufacturer as a dress designer. She travels to New York City to attend five days of fashion shows and

Anuta_ua [19.1K]

Answer and Explanation:

a. The computation of the amount deducted as if there is no reimbursement is

= Airfare charges + lodging for 5 days + meals for 5 days at 50% limit + full airport transportation

= $1,500 + $1,920 × 5 days ÷ 8 days + $1,440 × 5 days ÷ 8 days × 50% + $120

= $1,500 + $1,200 + $450 + $120

= $3,270

The unreimbursement travel expenses for an employee is 2% of adjusted gross income

b. The tax treatment in case of the independent contractor

= Airfare charges + lodging for 5 days + meals for 5 days at 50% limit + full airport transportation

= $1,500 + $1,920 × 5 days ÷ 8 days + $1,440 × 5 days ÷ 8 days × 50% + $120

= $1,500 + $1,200 + $450 + $120

= $3,270

It would remain the same in case of the independent contractor also.

3 0

2 years ago

What is a business idea?

mart [117]

A business idea is an idea that one or more people come up with to start a business. The idea will state what the business is, how they think it should be run and what their customer base will be. After a business idea is planned the developer typically develops a marketing plan and from there they try and receive funding or get approval for their business idea.

3 0

3 years ago

Read 2 more answers

How does Lincoln honor the battle of Gettysburg in his address? What did the soldiers fight for in his opinion?

Pani-rosa [81]

Answer:

a. He honors the battle in his address using the following words, ''Now we are engaged in a great civil war, testing whether that nation or any nation so conceived and so dedicated, can long endure. We are met on a great battle-field of that war.''

b. In his opinion the soldiers fought for freedom, equality and human rights.

Explanation:

The Gettysburg address was a short speech made by Abraham Lincoln on November 19, 1863 at the official dedication ceremony in Pennsylvania at the site of the battle field after the civil war. It was a declaration of freedom and independence and further cemented the soldiers sacrifice for equality and human rights.

He honored the battles by reiterating that the sacrifice made by the soldiers will not be in vain. This he does by saying that the soldiers themselves whether alive or dead have already consecrated the ground of battle and no further addition or detraction is needed. This meant that the battles itself was proof enough that the nation was ready for independence and justice.

Additionally, he also stated that the soldiers fought for freedom and the government for the people, by the people and of the people. This in other words means that the soldiers fought for democracy, where everyone is equal under the law. That equality and justice is the foundation upon which this newly independent nation has been built.

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2 years ago