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gtnhenbr [62]
3 years ago
10

How does the money laundering process usually begin?

Business
1 answer:
Aloiza [94]3 years ago
8 0

Answer:

The money laundering process usually consists of three steps: placement, layering, and integration.

Placement: The first entry of illegal money into the financial system is its settlement.

Layering: This step hides the source of money through a series of transactions and bookkeeping tricks.

Integration: The money laundered is withdrawn from the legitimate account to be used, and the money is returned to the criminal from the legitimate source.

Explanation:

hope it helps you

please mark me as brainliest

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On January 1, 2018, Hobart Mfg. Co. purchased a drill press at a cost of $33,600. The drill press is expected to last 10 years a
dmitriy555 [2]

Answer:

2018 = $4,945.46

2019 -  $4,450.91

Explanation:

sum-of- the-years'-digits depreciation expense =( number of useful lives remaining / sum of the years ) x (Cost of asset - residual value)

sum of the years = 1 +2 +3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 = 55

depreciation expense in 2018 = (10 / 55 ) x ( $33,600 - $6,400) = $27,200 X 0.181818 = $4,945.46

depreciation expense in 2018 = (9 / 55 ) x ( $33,600 - $6,400) = $27,200 X 0.163636 = $4,450.91

8 0
3 years ago
Record transactions of purchasing company. On October 5, Splish Brothers Company buys merchandise on account from Bramble Compan
Vlad [161]

Answer:

See explanation section

Explanation:

October 5       Merchandise Inventory       Debit      $4,700

                       Accounts Payable - Bramble Company    Credit    $4,700

<em>To record the merchandise Inventory purchase on account. As the company uses perpetual inventory system, merchandise inventory becomes debit instead of purchase account.</em>

October 8        Accounts payable         Debit       $720

                        Merchandise Inventory       credit         $720

<em>To record the return of defective goods to Bramble Company. (Using perpetual inventory system)</em>

8 0
3 years ago
A solar energy system is to be paid for with a loan in the amount of $2700. The interest rate on the loan is 10.5%/year, and the
jeyben [28]

Answer:

The annual payment to the lender is $=\$ 515.35$

The monthly payment for the same loan assuming is $=\$ 41.69$

Explanation:

Annual Payment $=\frac{\$ 2,700}{5.2392}$

$=\$ 515.35$

Monthly Interest Rate Monthly Interest Rate $=\frac{\text { Annual Interest Rate }}{\text { Number of Months in Year }}$

$=\frac{10.50 \%}{12}$

$=0.875 \%$

Monthly payment:

$=\frac{\$ 2,700}{64.77}$

$=\$ 41.69$

Learn more about loan refer:

  • brainly.com/question/9302251

4 0
3 years ago
Nick has saved $30 per week to buy a new Blu-ray player. He compares two different models: a Panaview that is priced at $130 and
Volgvan

Answer:

1. Nick can easily determine that the Panaview model has a lower price than the Zony model. - Unit of Account.

One of the three roles money plays is that of Unit of Account. Money is used to measure the values of goods and services accurately, so that their values can be assessed, and more importantly, compared.

2. Nick saved $30 per week. - Store of Value.

Another one of the three roles of money is that of Store of Value. Money is a good that has intrinsic value, and can be amassed to save for the future.

3. Nick pays $140 for the Blu-Ray player. - Medium of Exchange.

The final role that money plays is that of Medium of Exchange. Money is a good that can be used to facilitate exchange among other goods and services because it can be easily stored, it works as a unit of account, it is accepted by many people, and it has some sort of official authority backing it.

5 0
3 years ago
Gregory Trout has just received a memo explaining that because of his department's success with the newly developed Trout, Inc.,
disa [49]

Answer:

d. finding the right people

Explanation:

As the George's department had successfully satisfied the needs of the new developed Trout , Inc. IT might happen that work will be extended. This will require Goerge to increase the workforce those are having skill sets that matches the Trout, Inc. needs.

Thus, while recruiting and seelcting for the new positon Georgy will apply HRM goal of finding the right set of people for the required project.

3 0
3 years ago
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