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lilavasa [31]
3 years ago
13

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

Business
1 answer:
AURORKA [14]3 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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Annapolis Company has two service departments (Computer Operations & Maintenance Services). Annapolis has two production dep
eimsori [14]

Answer:

$56,900

Explanation:

                             Compt.         Maint.       Mixing      Packaging

Dept Cost             140,000      115,000

Cost allocation                            32941        41177         65882

(Computer)

Cost allocation                                

(Maintenance)                                                56900          91041

Total                                                                98077         156923

Workings.

Computer department cost allocation

Maintenance department = 4/17*140000 =32941

Mixing department = 5/17*140000 =41177

Packaging department = 8/17*140000= 65882

Maintenance department cost allocation

Total cost allocated = 147941

Mixing department = 5/13*147941 = 56900

Packaging department  = 8/13*147941 =91041

8 0
3 years ago
What is not part of all contracts?
sdas [7]
Premium is not included in all contracts. 
Offer is very important, time requirements is also a must in a contract, consideration is also stated in the contracts, but premium is not  included in the contract.
6 0
4 years ago
Read 2 more answers
________ is one of the solution to the agency problem in publiclyminus−held corporations.
Ber [7]

A solution that will help in the agency problem in terms of publiclyminus – held corporations is by through having bonuses in the company or organization that will be based on primarily the short term results that they have acquired in the company.

3 0
3 years ago
How much must be deposited today in an account earning 6% annually to accumulate a 20% down payment to use in purchasing a car o
goblinko [34]
Hi there
The price of the car after a year would be
20,000×(1+0.04)
=20,800 because of inflation

The amount of down payment is
20,800×0.2
=4,160

So you need to deposit
P=4,160÷(1+0.06)
p=3,924.5 round your answer to get
P=3925

Hope it helps
8 0
4 years ago
Making a Decision as Chief Financial Officer: Contingent Liabilities
Verizon [17]

Answer:

sry need points

Explanation:

3 0
3 years ago
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