Answer:
The answer is C. Money Laundering
Explanation:
Solution
From the question stated it can be described as a crime of money laundering.
Money laundering involves the use of illegally obtained money for legitimate purposes.
In this scenario, Jeff uses $15,000 from his illegal sales of drug paraphernalia for setting up a toy store. The origin of the money, which was obtained through illegal method was hidden.
Robbery and larceny are examples of theft that involves stealing items of value from another person. Embezzlement is also a kind of theft. It involves withholding of items with the intention of theft
.
The answer is B. He wanted to do the right thing, but the situation was very confusing.
Answer:
False.
Explanation:
Revocation is a term that is used to describe the withdrawal of an offer by the person who is making the offer, in other words, the offeror.
A revocation will take effect when it is known to the person that the offer was made to, in other words, the offeree.
In the scenario presented above, Mick's revocation will not take effect on Tuesday if Sheri did not receive the revocation that same day. This means that the revocation will only take effect when Sheri knows of it.
Answer:
$6,574
Explanation:
Allowance for uncollectible accounts is a contra asset account and it has credit nature. It needs to be debited to decrease the balance and credited to increase the balance. Balance of this account is adjusted in the account receivable to report the net receivable balance in the balance sheet.
As per given data
Beginning allowance for uncollectible accounts balance = $216,000
Write off is the adjustment mad in this account and it needs to be debited in this account, this transaction will reduce the balance.
Adjusted Balance = $8,400 - 7,800 = $600
Account receivable balance = $216,000 + 1,007,800 - $978,000 = $245,800
Estimated allowance for uncollectible accounts balance = $245,800 x 3% = $7,374
As allowance for uncollectible accounts has already have balance of $600, Bad debt expense for the year is $6,574 ($7,374 - $800)
Answer: deceptive pricing
Explanation:
Overall, the answer could be deduced from the defenitions of those terms.
We can surely exclude green washing, which basically means that the product is sold under "eco", "green" label, when it is not. Puffery is a legal practise, which can not be proven to be true or false; which is clearly not the case in this example.
Now we are left with three categories of deceptive marketing practices. Deceptive packaging means that the product does not fit the image peceived from its package. This might be the design, the size, the picture of the product, etc. Deceptive promotion means that the information on the ads is inaccurate, partly withhold, or false. Deceptive pricing means that the seller offers the product at lower price. This can be done by promoting low price for low-in-stock or out-of stock items and then offering the substituent products of the same category, which are surely more expensive.
