Which three of the following statements are included in Section 313 of the PATRIOT Act definition of physical presence in respect to shell banks
Answers
Section 313 of the PATRIOT Act defines physical presence in respect to shell banks. This section includes three statements:
1. A shell bank is considered to have a physical presence in a jurisdiction only if it maintains a presence that is adequate to meet its obligations under the laws of that jurisdiction.
This statement means that for a shell bank to be considered to have a physical presence in a jurisdiction, it must maintain a presence that is sufficient to fulfill its legal obligations in that jurisdiction. This presence could include having an office, employees, or other resources necessary to conduct business activities.
2. Merely maintaining a nominee director or officer in a jurisdiction, without more, does not constitute a physical presence for a shell bank.
This statement clarifies that simply having a nominee director or officer in a jurisdiction is not enough to establish a physical presence for a shell bank. A nominee director or officer is someone who holds a position on behalf of another entity, often for the purpose of maintaining anonymity. The presence of a nominee director or officer alone does not meet the requirements of physical presence under Section 313.
3. The physical presence requirement applies even if the shell bank is licensed or regulated in another jurisdiction.
This statement emphasizes that the physical presence requirement still applies to a shell bank, even if it is licensed or regulated in another jurisdiction. In other words, having a license or being regulated in one jurisdiction does not exempt a shell bank from the requirement of having a physical presence in other jurisdictions where it operates.
The three statements included in Section 313 of the PATRIOT Act definition of physical presence in respect to shell banks are:
1. A shell bank must maintain a presence adequate to meet its obligations under the laws of a jurisdiction to be considered to have a physical presence.
2. Having a nominee director or officer alone does not satisfy the physical presence requirement for a shell bank.
3. The physical presence requirement applies regardless of whether the shell bank is licensed or regulated in another jurisdiction.
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Related Questions
Select all that apply.
Common skills assessments administered during the employment interview process include:
none of the above
science
keyboarding
math
Answers
Answer:
Keyboarding and Math :)
Explanation:
Sold goods whose list price is 5000 to rakesh at 6% trade discount and 1% cash discount he paid 60% price in cash jornal entry
Answers
The journal entry will be:
Debit: Accounts Receivable 2766
Credit: Sales 5000
Debit: Discounts Allowed 317
Credit: Trade Discount Allowed 300
Credit: Cash Discount Allowed 17
How to depict the journal entry?To record the sale of goods to Rakesh at a trade discount and cash discount, you would make a journal entry to debit Accounts Receivable (for the amount Rakesh will pay on credit) and credit Sales (for the revenue from the sale). The entry would also need to include any applicable discounts.
The trade discount is calculated by multiplying the list price of the goods by the trade discount percentage (6% in this case), so the trade discount would be:
5000 x 6% = 300
The cash discount is calculated by multiplying the list price minus the trade discount by the cash discount percentage (1% in this case), so the cash discount would be:
(5000 - 300) x 1% = 17
The total discounts is trade discount + cash discount
300 + 17 = 317
The amount Rakesh paid in cash would be calculated by multiplying the list price minus the discounts by the percentage he paid in cash (60% in this case), so:
(5000 - 317) x 60% = 2766
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A supplier in the country of Whiteland has current output of 10 Million units priced at
$1.10 per unit. Factor prices rise and costs increase to $1.30 per unit. Uh-oh... now not earning profit and producing for a $20 Million loss. The availability of competitor substitutes convince the supplier a price increase is out of the question.
A purchasing agent from the country of Knightland makes a timely appearance and offers to purchase for import an additional 10 Million units priced at $0.80 per unit.
1. Do you take the deal?
2. What principle/s do you apply to make your decision?
3. What is the size of the opportunity, if-any?
Answers
1. No, it may not be a good idea to take the deal
2. The marginal cost principle is used to make the decision.
3. The size of the opportunity is small such that it will result into loss.
What are the responses to other questions?Complete table with New Data:
Output| Price per unit | Total Revenue | Total Cost
10 M | $1.10 | 11 M | $13 M
10 M | $0.80 | $8 M | $13 M Total | | $19 M | $26 M
1) To determine whether to take the deal or not, calculate the profit/loss with the new data:
Total Revenue = 10M x $1.10 + 10M x $0.80 = $19M
Total Cost = 10M * $1.30 + 10M * $0.80 = $21M
Profit/Loss = Total Revenue - Total Cost = $19M - $21M = -$2M
Since the supplier will still incur a loss of $2M, it may not be a good idea to take the deal unless there are some other benefits like expanding the market, building goodwill, etc.
2) The supplier can use the marginal cost principle to make the decision. The principle suggests that a decision should be made based on the marginal cost and marginal revenue of the next unit produced or sold.
With this, the marginal cost of producing an additional unit is $0.80 and the marginal revenue is also $0.80. Since the marginal revenue is less than the marginal cost, the supplier will incur a loss on every additional unit produced or sold.
3) The opportunity cost of producing an additional unit is $0.80, which is the price offered by the purchasing agent. However, since the supplier will incur a loss of $2M by producing the additional units, the opportunity cost should be weighed against the loss.
The supplier may consider the opportunity if the benefits of the deal, such as expanding the market, outweigh the loss.
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When a government creates a budget, it is seeking a way to
Answers
Answer:
allocate money to programmes and projects.
Explanation:
A budget is an estimate or a proposed revenue and expenses for a financial period, usually one year. It shows how funds will be generated by the government to finance it's projects and programmes.
On a yearly basis, government sets out it's plan in a budget against the coming year. It is this plan that would guide it's action in the following year in terms of what and where to focus it's spending on.
Therefore, when a government creates a budget, it is seeking to allocate money to programmes and projects for the benefits of the citizenry.
Answer:
Answer: D.) Allocate money to programs and projects
Explanation:
i just took the test and got a 100 hope ya pass good luck
which one of the following would not be an appropriate cost allocation base for an organization? a. machine hours. b. direct labor hours. c. square feet of a facility. d. supervisor salaries.
Answers
d. Supervisor salaries would not be an appropriate cost allocation base for an organization.
In the field of business, cost allocation can be described as the expected worth of a business, place or building based on the items or assets that are present in it.
For a firm, the salaries of the supervisor do not account for the cost allocation base for an organization. This is because when considering the worth of a business or firm, one does not account for the salaries that are paid to supervisors or majorly any of the staff. For cost allocations, only the assets of the business are necessary.
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unadjusted rate of return is sometimes called the accountant's method because information required is all obtained form the financial statements. is this statement true or false?
Answers
Yes, the unadjusted rate of return is sometimes called the accountant's method because information required is all obtained from the financial statements.
what is unadjusted rate of return?
The unadjusted rate of return method is another frequently used capital planning strategy. The simple rate of return method or the accounting rate of return method are other names for this. the unadjusted rate of return is calculated. You divide the growth in your expected average income by the cost of your first investment. Your unadjusted rate of return is the outcome. Observe that the title contains the phrase "unadjusted," This method alludes to the fact that the computations are not taken into account for the temporal value of money.
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a company sells a product which has a unit sales price of $6, unit variable cost of $4 and total fixed costs of $140,000. the number of units the company must sell to break even is question 4 options: 480,000 units. 48,000 units. 80,000 units. 120,000 units
Answers
The point at which net income equals zero or contribution margin equals total fixed cost is referred to as the breakeven point, which can be expressed in terms of sales value or units sold.
Answer: a. 120,000 units.
What is the term "breakeven point"?
The point at which there are no losses or gains for your small business is known as the break-even point. This point is reached when total costs and revenue are equal.To put it another way, you have reached the point where a product's revenues and costs of production are equal.
What is the formula for the breakeven point?
Use the following formula to determine the break-even point in units: Break-Even point (in units) = Fixed Costs / (Sales price per unit - Variable costs per unit) or the following formula in sales dollars: Fixed Costs minus Contribution Margin is the break-even point in dollars for sales.
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please type what belongs in the highlighted squares
ill give brainliest
Answers
To get the total revenue for the fourth quarter add the revenue for the month that apply
October revenue + $500 000
November revenue + $425 000
December revenue + \(\\)860 000
the sum total is = 1,011,000
therefore the fourth quarter revenue is $1,011,000
To calculate EBITDA subtract the expenses from the revenue
Revenue $6500 000
Expenses - $5375 000
EBITDA = 1, 125, 000
therefore the EBITDA is $1, 125, 000
To calculate Total Market Capitalization, multiply the number of share by the price per share we divide the
Number of shares \(\\)2500 000
price per share x \(\\) 23 77
= $5,942500, 000
therefore the Total Market Capitalization is $5,942500, 000
To calculate the earning per share divide the earning by the number of shares
Earning $5000 000 / Number of shares $2500 000 = 2
therefore the earning per share is 2
What is EBITDA?The abbreviation. EBITDA for stands for earnings before interest, taxes, depreciation, and amortization in business. EBITDA is very vital in understanding a business's ability to generate cash flow for its owners and use for judging a company's operating performance.
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Give (2) examples how we deal with "Scarcity"
Answers
Answer:
Either increasing supply or lowering demand
Explanation:
increasing supply:
e.g. when less developed countries (LDCs) experience a famine or drought, other countries can supply food and/or water to them
lowering demand:
finding alternative solutions of the product (that have the same effect as the original product) or reducing the reasons for why there is a high demand
- e.g. crops not growing well due to weather/crop disease going around -> find a crop that is more resistant to the disease (reducing reasons for demand)
- e.g. rice field has an infestation -> not yielding enough rice to feed the population -> population feels hungry and other foods cannot help them feel full/sustain them -> find another crop to substitute, like yam or potatoes that are equally filling (alternative solutions)
but these two are pretty much the same so
also please note I don't take any courses on supply and demand other than geography so I might be completely wrong
In a typical supply chain a. Finances flow from the lower echelon to the upper echelons b. Material flow from lower echelon to upper echelons c. Information flow from only the lower echelon to the upper echelons d. a and b are both correct e. b and c are both correct
Answers
A supply chain refers to the coordination of people, organizations, activities, resources, and technology involved in the creation and distribution of products or services to meet customer demands. These activities encompass all the processes involved in the acquisition of raw materials.
The answer to the question is D. A and B are both correct. A. Finances flow from the lower echelon to the upper echelonsIn a typical supply chain, finances flow from the lower echelons to the upper echelons. The lower echelons represent the suppliers of raw materials and manufacturers, while the upper echelons represent distributors and retailers. For the entire supply chain to operate smoothly, it is necessary to have financial flows from the lower to the upper echelons.
This payment flows from the manufacturers to the distributors, and from the distributors to the retailers. At each stage, there is a need for financial flows that enable the entire supply chain to function effectively.B. Material flow from lower echelon to upper echelonsIn a typical supply chain, materials flow from the lower echelons to the upper echelons.
The financial flows enable suppliers, manufacturers, distributors, and retailers to get paid for the products and services they provide. The material flows enable the products to be manufactured and distributed to meet customer demands.
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If an insurer is incorporated in Rhode Island, but primarily does business in New York, what type of insurer is this considered in New York
Answers
If an insurer is incorporated in Rhode Island, but primarily does business in New York. This is called foreign insurer.
Who is an insurer?An insurer can be defined as a person who insured a person or a person who provide insurance coverage.
An Insurer has their business situated or established in the United States of America but carried out is business activities in another country like New york this will be tend to be called foreign insurer in New york because the business is not domiciled in New york but United state of america.
Inconclusion this is called foreign insurer.
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Discuss the unique core competency of Richmond Events and how (or if) it could be leveraged into a growth strategy.
Answers
Richmond Events is a company that specializes in creating tailored business events for a variety of industries, including finance, technology, and healthcare. Their unique core competency is their ability to provide highly customized and exclusive events that bring together senior-level executives from across the globe to discuss current industry trends, exchange ideas, and build relationships.
With their deep industry knowledge and expertise, Richmond Events has created a strong reputation for delivering high-quality events that meet the unique needs of each client. This unique core competency can be leveraged into a growth strategy in several ways.
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HELP ASAP PLEASE
The CPI is calculated by comparing
the spending levels at the beginning of
each year to the end of each year. In
this way, the calculation is similar to
what?
A. Unemployment
B. Inflation
C. Circular Flow Model
Answers
Answer:inflation
Explanation:
You like my koala his name is Fred
Answers
Answer:
i do like your koala
Explanation:
Magic Events, Inc. is a global concert promoter that is organizing the world concert tour of the newest boy band. The company has a global reputation for generating the highest revenues for their entertainers based on lucrative event triangles. What is the most critical factor in a successful event triangle?
A.
as much advertising to fans as possible
B.
mutually beneficial exchanges
C.
selling as much merchandise as possible
D.
choosing the right sponsors
Answers
Answer:
A. as much advertising to fans as possible
Explanation:
The event triangle is made up of these 3 components
1. The participants
2. The sponsors
3. The spectators
Here the fans represent the spectators. They are the most critical factor of the event triangle .
The spectators are those who the boy band would be playing for. They are the ones who would go out to watch the event.
The spectators become monetary when the advertisement gets them to buy tickets for the event. That is they pay a fee to watch the event.
Primarily they provide necessary financial support for the event plus the money made from adverts.
causes of corruption?
Answers
Answer:
Personal greed, Decline of personal ethical sensitivity, the size and structure of governments, economic freedom/openness of economy, Cultural environments that condone corruption, Lack of transparency, Slow judicial processes, etc.
Explanation:
Answer:
MAIN CAUSE OF CORRUPTION ATE
1)GREATER NUMBER OF POPULATION.
2) WEAKNESS OF THE SOCIETY
3) THERE BE LESS AWARNESS.
4)SELF DESTRUCTIVE MINDED PERSON.
5) MAKING MUCH RICH AND LIVING COMFORTABLE
A portion of the stockholders equity section from the balance sheet of Walland Corporation appears as follows: Assume that all the stock was issued on January 1 and that no dividends were paid during the first two years of operation. During the third year, Walland Corporation paid total cash dividends of $736,000. Compute the amount of cash dividends paid during the third year to each of the three classes of stock. Compute the dividends paid per share during the third year of each of the three classes of stock. What was the average issue price of each type of preferred stock?
Answers
A. The computation of the cash dividends paid during the 3rd year to each of the three classes of stock is as follows:
Cumulative Dividends: $540,000Non-Cumulative Dividends: $96,000Common Stock: $100,000.B. The computation of the dividends paid per share during the 3rd year for each of the 3 classes of stock is as follows:
Cumulative Dividends- Per Share: $13.50Non-Cumulative Dividends- Per Share: $12.00Common Stock- Per Share: $0.25.C. The average issue price of each type of preferred stock is as follows:
Cumulative preferred stock: $50Non-cumulative preferred stock: $100.How the dividends are computed:Total cash dividends paid = $736,000
9% Cumulative = $540,000 ($2,000,000 x 9% x 3 years)
12% Non-cumulative = $96,000 ($800,000 x 12%)
Common Stock = $100,000 ($736,000 - $540,000 - $96,000)
Dividends per share:9% Cumulative = $13.50 ($540,000 ÷ 40,000)
12% Non-cumulative = $12.00 ($96,000 ÷ 8,000)
Common Stock = $0.25 ($100,000 ÷ 400,000)
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Question Completion:Preferred stock, 9% cumulative, $50 par, 40,000 shares authorized, issued, and outstanding- $2,000,000
Preferred stock, 12% non-cumulative, $100 par, 8,000 shares authorized, issued, and outstanding- $800,000
Common Stock, $5 par, 400,000 shares authorized, issued & outstanding- $2,000,000
Total paid-in capital- $4,800,000
the slope of the demand curve for a monopoly firm is:
Answers
Answer:sorry man, don’t know
Explanation:
what type of government action is part of fical policy
Answers
Which of these steps is considered the most important when researching and promoting an event?
a) Selecting the best media to reach your target audience
b) Developing your message
c) Defining and analyzing your target audience
d) Establishing your desired end result
Answers
The best step to research and promote an even is by Defining and analyzing your target audience.
What is Research?Research refers to some findings or investigations that help to create or portray new knowledge by using formal nowledge in another way so as to develop new concepts, methodologies and understandings. This can include analysis of former researches, thesis and so on.
Therefore, The best step to research and promote an even is by Defining and analyzing your target audience.
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Which website citation is written correctly in MLA style?
“CareerOneStop.” 2013. Web, May 18, 2013. US Department of Labor and the State of Minnesota.
“US Department of Labor and the State of Minnesota, 2013.” CareerOneStop. 18 May.
CareerOneStop. US Department of Labor and the State of Minnesota, 2013. Web. 18 May 2013.
US Department of Labor and the State of Minnesota. “CareerOneStop.” Web, May 18, 2013.
Answers
Answer:
C. CareerOneStop. US Department of Labor and the State of Minnesota, 2013. Web. 18 May 2013.
Explanation:
Right On Edge, also just took the Quiz.
The website citation which is written correctly in MLA style is -
CareerOneStop. US Department of Labor and the State of Minnesota, 2013. Web. 18 May 2013.
What is a citation style?A citation style is a set of rules for citing sources in academic writing. To avoid plagiarism, you must always include a citation anytime you quote, paraphrase, or summarise a source. Different universities, academic groups, and publishers establish different styles, which are frequently published in an official handbook with detailed instructions and examples.
There are numerous citation styles, but they all follow one of three basic principles: parenthetical citations, numbered citations, or note citations.
MLA style is the Modern Language Association's official style, as stated in the MLA Handbook. (9th edition). It is commonly utilised in a variety of humanistic subjects. It's author-page rather than author-date, unlike most parenthetical citation styles.
Therefore, the third option is correct.
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What is the average salary for a person living in texas.
Answers
Answer:
Texas' average annual wages were $57,382
One reason females face impediments to the leadership domain is ______.
A. Incongruity between the leadership role and the female gender role
B. Women are not in the workplace pipeline to a large enough volume
C. Women have been shown to be less effective leaders compared to men
D. Women are less committed to their jobs than men are
Answers
The correct answer is A. Incongruity between the leadership role and the female gender role.
One reason females face impediments to the leadership domain is the incongruity between the leadership role and the female gender role. This incongruity arises from societal expectations and stereotypes that associate leadership with masculine traits and behaviors, creating barriers for women in assuming leadership positions.
The disparity between the leadership role and the female gender role contributes to the challenges women face in attaining leadership positions. Society often associates leadership with traits such as assertiveness, decisiveness, and competitiveness, which are traditionally considered masculine. These stereotypes and biases can create a perception that women are not suited for leadership roles, leading to biases and discrimination against them in the workplace.
Furthermore, cultural and societal expectations of women's roles and responsibilities can conflict with the demands of leadership positions. Traditional gender roles often place a greater emphasis on nurturing, caretaking, and communal qualities, which can be at odds with the expectations of leadership that prioritize autonomy, authority, and assertiveness. This incongruity between the leadership role and the societal expectations of femininity can discourage women from pursuing or being perceived as capable of leadership positions.
These societal and cultural barriers contribute to the underrepresentation of women in leadership positions. It is essential to challenge these biases and stereotypes, promote gender equality, and create inclusive environments that recognize and value diverse leadership styles and contributions. By addressing these issues, organizations can create opportunities for women to thrive in leadership roles and contribute to the advancement and success of both individuals and the organizations they serve.
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Not-for-profit organizations must meet specific guidelines in order to obtain tax-exempt status. These guidelines are structured by the.
Answers
To qualify for tax-exempt status, not-for-profit organizations must adhere to certain requirements. The Internal Revenue Service designed these regulations.
What is Non profit organization ?A nonprofit organization (NPO) is one that is not motivated by profit but rather by commitment to a particular cause that receives all funds received over and beyond what is required to maintain the organization.
As an outcome, the federal government grants NPOs tax-exempt status, which absolves them of paying income tax. Nonprofit organizations are widely used by trusts, cooperatives, advocacy, charitable, environmental, and religious organizations.
Hence, Internal Revenue Service is the answer.
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explain advertisement
Answers
Answer: Advertisement is a marketing communication. It is used to promote businesses and their products. Used to promote more effectiveness in a businesses profit and their sales. May be seen in the form of commercials or billboard announcements in everyday life.
The ____ price indicates how much the market maker will pay per share to buy a stated quantity of the stock, while the ____ price indicates the price per share at which it will sell the same stock. Ask; bid say on pay; spread spread; say on pay bid; ask
Answers
The Bid price indicates how much the market maker will pay per share to buy a stated quantity of the stock, while the Ask price indicates the price per share at which it will sell the same stock.
What is the bid and the ask price?In the financial markets, the Bid price and Ask price are the two prices that are most commonly quoted for a security, such as a stock or a bond. The Bid price is the highest price that a buyer is willing to pay for the security, while the Ask price is the lowest price that a seller is willing to accept for the security.
Therefore, the correct answer is "Bid; Ask". The difference between the Bid and Ask price is called the Spread.
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When making scrap or rework decisions, management should consider: (check all that apply. ).
Answers
When making scrap or rework decisions, management should consider:
revenue from selling defective units as scrap.incremental costs.What is meant by rework decisions?Rework is the process of fixing a product that initially does not fulfill the minimal quality requirements of an entity. The product can now be sold thanks to the corrective work, allowing a company to recoup some of the margin from a product that would have otherwise been destroyed.
After inspection, rework is the process of fixing products that are flawed, unsuccessful, or nonconforming. Disassembly, repair, replacement, and reassembly are all parts of this process.
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When making scrap or rework decisions, management should consider: (Check all that apply.)
revenue from selling defective units as scrap.
incremental costs.
existing sales.
costs already incurred in producing defective units.
Answer:
revenue and incremmental
Explanation:
Which of the following decisions is most likely to create a temporary diseconomy of
scale? (Select the best answer.)
A)Buying supplies in bulk
B)Buying an expensive piece of machinery
C)Hiring employees who specialize
D)Using division of labor
Answers
Answer:
Buying an expensive piece of machinery
Explanation:
You need to write a check for $167.50 from your checking account, which has a balance of $1,725.25. What percent of your balance will remain?
Answers
The percent of your balance will remain in the checking account is 90.26%
To find out what percent of your balance will remain, you'll need to first subtract the amount of the check ($167.50) from your account balance ($1,725.25) to get the new balance after writing the check.
$1,725.25 - $167.50 = $1,557.75
Now that you know your new balance, you can find out what percent of your original balance remains by dividing the new balance by the original balance and then multiplying by 100 to get the percentage.
($1,557.75 ÷ $1,725.25) x 100% = 90.26%
So, after writing the check for $167.50, 90.26% of your original balance will remain in your account. This means that $1,557.75 is 90.26% of $1,725.25.
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D. now suppose instead that domestic tire producers in the united states convince the government to impose a tariff (tax) on imported tires with the goal of doubling the quantity of domestic tires produced compared to the quantity supplied at the world price. how large would the tariff need to be to achieve this goal?
Answers
Answer: Protective tariff; Revenue
Explanation: