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3 years ago

How does the money laundering process usually begin?

Business

1 answer:

Aloiza [94]3 years ago

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Integration: The money laundered is withdrawn from the legitimate account to be used, and the money is returned to the criminal from the legitimate source.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

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Due to a downturn the wage of entry level workers has declined by 10 per cent, as a

lilavasa [31]

The cross elasticity of demand for senior workers is 1.5. Senior workers and entry-level workers are gross complements.

The scale effect dominates in this example.

If the wage of the entry level workers increase, the demand curve would shift to the right.

<h3>What is the crosss price elasticity?</h3>

Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.

Cross price elasticity = 15% / 10 = 1.5

Complement goods are goods or resources that are used together. As a result of the decline in wages, senior workers would be laid off. This means that senior workers and entry level workers work together.

<h3>What is the effect on the demand curve if the wages of entry level workers increase?</h3>

If the wage of the entry level workers increase, the demand for senior workers wouuld increase. This would lead to a shift to the right of the demand curve for senior workers.

To learn more about cross price elasticity, please check: brainly.com/question/26054575

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2 years ago

"The objective of external auditing is to provide opinions on the reliability of the financial statements and provide opinions o

muminat

Answer:

A. True

Explanation:

4 0

3 years ago

You sign a contract to purchase a machine that will allow you to travel back in time and meet abraham lincoln. assuming that tim

ddd [48]

The correct option is C). Void contract. It is void type of contract if you sign a contract to purchase a machine that will allow you to travel back in time and meet Abraham Lincoln.

<h3>What is void contract?</h3>

Void contract is a formal contract between two parties, which is not authorized by the law and enforceable from the moment it was created.

A void contract is little differ from the valid contract. Void contract is not an actual contract, despite it is unenforceable.

Both void and voidable contract are null, but a void contract cannot be officially valid.

Learn more about the void contract here:-

brainly.com/question/15274330

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2 years ago

DoorWay Computers, Inc., the trademark owner of "DoorWay," sought a court injunction to prevent Handyman Hardware, Inc. from usi

amid [387]

Answer:

False

Explanation:

Because the injunction is the legal remedy that the special court's judge orders not the jury. The order enforce a party to do what must be done or refrains it from doing specific acts that harms the other party. So saying that Doorway sought the court injunction in which the jury decides the right course of action is incorrect because injunction is the warning of judge not of jury.

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3 years ago

Keesha Co. borrows $230,000 cash on December 1 of the current year by signing a 150-day, 12%, $230,000 note. 1. On what date doe

muminat

Answer:

See explanation section

Explanation:

Requirement 1

April 30 is the maturity date of the note.

December 31 + January 31 + February 28 + March 31 + April 30 = 150 days.

Therefore, the note will be matured in the April 30, next year.

Requirement 2 & 3

Current year Interest: December 1 - December 31 = 30 days interest = $230,000 × 12% × (30 ÷ 360) = $2,300.

Following year Interest: January 1 - April 30 = 120 days interest = $230,000 × 12% × (120 ÷ 360) = $9,200.

Total Interest = $11,500

Requirement 4

Journal Entries

(a) Dec. 1 Cash Debit $230,000

Notes payable Credit $230,000

To record the borrow a loan by issuing a 150-day, 12% note.

(b) Dec. 31 Interest Expense Debit $2,300

Interest payable Credit $2,300

To record the accrued interest expense on December 31 (Current year).

Interest payable Debit $2,300

Interest Expense Debit $9,200

Cash Credit $241,500

To record the payment of the note at maturity.

6 0

3 years ago