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Anit [1.1K]
3 years ago
12

A customer tried to use a fake id during an insurance transaction and the agent had to file a Suspicious Activity Report under l

aw. One could assume a minimum of ______ was involved in the transaction.
Business
1 answer:
Vikentia [17]3 years ago
4 0

Answer:

$ 10,000 USD

Explanation:

Insurance companies are obliged to report to the federal government through form 8300 about transactions that exceed $ 10,000 or even transactions of a lower value that for some reason arouse the impression of suspicious activity; since criminals are normally aware of this rule and try to avoid the law as much as possible. This arrangement has been proposed by the government to control illicit activity and to comply with the anti money laundering program.

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In his work for a new company, Byron found a flower material that he could use to manufacture dresses. In his career, Byron is m
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into how many geographical region Nepal has divided ?describe them in a few line

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3 years ago
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Your company rents computers to local businesses and schools. You have 4,000 computers with a book value of $185,000. As a resul
andriy [413]

Answer:

47,000

Explanation:

Impairment Loss = Book Value − Fair Value

$180,500 − $133,500 = $47,000

6 0
3 years ago
Which of the following represents a business process you would find in the Operations Management departmenta. rdering inventoryb
Rudik [331]

Answer:

a. Ordering inventory.

Explanation:

Operation management is an adminstration job for designing, producing, controlling and delivering the goods and service to the end user with highest use of efficiency within the organization. This help the organization to maximize the profit with optimum utilization of resources. Inventory management is also part of operations management, wherein inflow and outflow of inventory are managed, which include storage, ordering, labeling, issuing, withdrawing etc.

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3 years ago
Another name for ectopic pregnancies is ________, because they often occur there.
harkovskaia [24]
<span>Another name for ectopic pregnancies is extrauterine pregnancies. This is because these types of pregnancies often occur outside of the uterus. This is indicated through the word, "Extrauterine."</span>
4 0
3 years ago
Primo Industries collected $105,000 from customers in 2019. Of the amount collected, $25,000 was for services performed in 2018.
bearhunter [10]

Answer:

a. $33,000.

b. $36,000.

Explanation:

Net income is calculated as sales minus cost of goods sold, selling, general and administrative expenses, operating expenses, depreciation, interest, taxes, and other expenses. It is also called net earnings.

Now, Cash accounting recognizes revenue and expenses only when money changes hands, but accrual accounting recognizes revenue when it's earned, and expenses when they're billed (but not paid).

a. 2014 Cash-basis net income:

Primo Industries collected $105,000 from customers in 2019

Primo Industries also paid $72,000 for expenses in 2019

=105,000-72,000

=$33,000

b. 2014 accrual-basis net income.

=(105,000-25000+40000)-(72000-30000+42000)

=120000-84000

=$36,000

5 0
3 years ago
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