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Law Incorporation [45]
3 years ago
10

8. Wayne is an insurance company's AML compliance officer. He has been asked by FinCEN to provide the agency with a copy of the

company's AML policy. What should Wayne do
Business
1 answer:
allochka39001 [22]3 years ago
3 0

Based on the information given about the insurance company, the thing that Wayne should do is D. Immediately provide a copy of the company's AML policy as requested.

It should be noted that the anti laundering policy helps financial institutions in combatting money laundering.

Since the insurance company's AML compliance officer has been asked by FinCEN to provide the agency with a copy of the company's AML policy, he should immediately provide a copy of the company's AML policy as requested.

Learn more about insurance on:

brainly.com/question/25855858

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Explanation:

The organizational structure and culture are essential for the design of a strategic plan aligned with the organization's purpose.

What happens is that the structure and culture of an organization constitute its identity, its way of organizing itself and creating an environment designed to obtain the objectives and goals stipulated by strategic planning. So it can be said that there is no way to develop a strategic plan without considering the structure or culture, because it is through these two variables that action plans are developed and modeled according to what the company is, and what it plans to be in the future. All organizational systems must be foreseen in the planning and be developed with the same degree of importance, because together they form the organizational whole that will lead a company to be well positioned in the market, achieve continuous improvement in its processes, achieve competitive advantage in the market, etc.

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Suppose that the profit maximizing level of output for the monopolist is 100​ units, and atc​ = $45.00; mc​ = $35.00; mr​ = $35.
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Alex believes in serving local fresh produce at his restaurant. His restaurant menu depends on seasonally available ingredients.
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Which of the following are elements of an effective persuasive message to a superior? Check all that apply. Support requests wit
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Answer:

The correct answers are letters "A", "C", and "E": Support requests with facts, figures, and evidence; Describe potential benefits and risks; Strike a conversational yet professional tone.

Explanation:

Business writing must be direct, concise, and objective. The writer must be as short as possible but must be able to provide all information necessary in the message that allows the receiver to take a position over the matter being discussed by the two fo them.

<em>While sending a letter or report to a superior a conversational tone must be implemented to convey a caring attitude. In the case of making proposals, the writer must show the demands have been analyzed in detail providing facts, graphs, and evidence. For such a purpose, it is important to outline the benefits of implementing the requests and the risks of not doing so.</em>

8 0
3 years ago
Broomhilda manufactures broomsticks for her fellow witch (and wizard) friends. Broomhilda uses a job order cost system and appli
nika2105 [10]

Answer:

Broomhilda

1. Predetermined overhead rate = overhead costs/direct labor costs

= $840,000/$700,000

= $1.20 per direct labor cost

2.  Job Cost Sheets for           Job 50      Job 51      Job 52

Beginning balances:

Direct materials                    $20,000

Direct labor                            $12,000

Manufacturing overhead      $16,000

3. Journal Entries for the purchase of raw materials and manufacturing overhead costs:

Debit Raw materials $90,000

Credit Accounts Payable $90,000

To record the purchase of raw materials on account.

Debit Manufacturing overhead $65,000

Credit Raw materials $17,000

Credit Wages $20,000

Credit Depreciation expense $12,000

To record the manufacturing overhead incurred.

4. Debit Job 50 $21,000

Credit Raw materials $10,000

Credit Direct labor $5,000

Credit Manufacturing overhead $6,000

To record the assignment of direct materials, direct labor, and manufacturing overhead costs to Job 50.

Debit Job 51 $94,000

Credit Raw materials $39,000

Credit Direct labor $25,000

Credit Manufacturing overhead $30,000

To record the assignment of direct materials, direct labor, and manufacturing overhead costs to Job 51

Debit Job 52 $74,000

Credit Raw materials $30,000

Credit Direct labor $20,000

Credit Manufacturing overhead $24,000

To record the assignment of direct materials, direct labor, and manufacturing overhead costs to Job 52

5.  Job Cost Sheets for           Job 50      Job 51      Job 52

Beginning balances:

Direct materials                    $20,000

Direct labor                            $12,000

Manufacturing overhead      $16,000

Direct materials                     $10,000      $39,000     $30,000

Direct labor                             $5,000      $25,000     $20,000

Manufacturing overhead       $6,000      $30,000     $24,000

Total                                      $69,000      $94,000

6. Debit Accounts Receivable $280,000

   Credit Sales Revenue $280,000

To record the sale of goods (Jobs 49 and 50 for $122,000 and $158,000, respectively).

Debit Cost of Goods Sold $159,000

Credit Job 49 $90,000

Credit Job 50 $69,000

To record the cost of goods sold for Jobs 49 and 50.

7. Finished Goods Inventory balance = $94,000

This balance consists of Raw materials $39,000, Direct labor $25,000, and Manufacturing overhead $30,000 for Job 51.

8. The amount of over-or underapplied overhead:

Overhead incurred = $65,000

Overhead applied =   $60,000

Underapplied =            $5,000

Debit Cost of Goods Sold $5,000

Credit Manufacturing overhead $5,000

To close the underapplied overhead to the cost of goods sold.

Explanation:

Jobs 50 costs prior to September:

direct materials $20,000,

direct labor $12,000, and

manufacturing overhead $16,000

Total costs so far = $$48,000

Job 49 completed at a cost of $90,000

Beginning balance of Raw Materials Inventory = $15,000

Started Jobs 51 and 52, completed Jobs 50 and 51

Sold Jobs 49 and 50 on account for $122,000 and $158,000, respectively.

Additional events:

Raw materials purchased on account = $90,000

Manufacturing overhead incurred:

indirect materials $17,000

indirect labor $20,000

depreciation expense on equipment $12,000

Various manufacturing overhead = $16,000

Total = $65,000

Assignment of direct materials and direct labor to jobs:

Job no.   Direct Materials   Direct Labor   Manufacturing overhead

50                  10,000            5,000              $6,000

51                  39,000          25,000            $30,000

52                 30,000          20,000           $24,000

Estimated total manufacturing overhead costs = $840,000

Estimated direct labor costs = $700,000

Predetermined overhead rate = overhead costs/direct labor costs

= $840,000/$700,000

= $1.20 per direct labor cost

4 0
3 years ago
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