After 10 years working for a large corporation, Gary wants to work for himself and own a small business. All of the following are things Gary needs to do before he starts his business EXCEPT. Hire employees to work for the business.
An organization is a corporation—commonly a collection of people or an organization—legal by the country to behave as an unmarried entity (a legal entity diagnosed by way of personal and public regulation "born out of statute"; a prison person in felony context) and diagnosed as such in law for sure functions.[1]: 10 Early incorporated entities had been mounted through a charter (i.E. Via an advert hoc act granted with the aid of a monarch or handed by means of a parliament or legislature). Most jurisdictions now permit the creation of recent corporations via registration. Organizations are available in many different types, however, are usually divided by way of the regulation of the jurisdiction where they may be chartered primarily based on two aspects: with the aid of whether they can issue stock, or by using whether they're shaped to make a profit.
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suppose that the equilibrium level of gdp increased by $50 billion in a private closed economy where the marginal propensity to consume (mpc) is .6. aggregate expenditures must have increased by:
Imagine that the marginal propensity to consume (mpc) in a closed, private economy increased by $50 billion from its equilibrium level. 6. The total amount spent must have gone up by $30 billion.
Marginal Propensity to Consume: How Is It Calculated?The idea that an increase in disposable income leads to an increase in personal consumption is known as induced consumption. The marginal propensity to consume is a statistic used in economics that quantifies this idea. The propensity to consume refers to how much of a person's disposable income they spend on consumption.
The difference between changes in consumption and income is used to compute the marginal propensity to consume. As an illustration, 0.9/1 = 0.9 might be used to illustrate the situation when a person's expenditure rises by 90% for every dollar of additional income.
In the given question,
The growth in the GDP at equilibrium= $50 Billion
Marginal propensity to consume (mpc)= 0.6
Aggregate expenditures= 0.6 x 50 Billion= 30 Billion
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in which accounting area(s) is an asset's estimated useful life determined by the taxpayer's assessment, rather than being predetermined based on asset type?
'in which accounting area(s) is an asset's estimated useful life determined by the taxpayer's assessment, rather than being predetermined based on asset type financial accounting only.
Financial accounting is the branch of accounting that deals with summarizing, analyzing and reporting financial transactions relating to a company. This includes preparing annual financial statements that are available to the public.
In fact, the main purpose of financial accounting is to correctly prepare the financial accounts of an organization for a specific period of time, also known as the annual financial statement. There are three financial statements: income statement, balance sheet and cash flow statement.
There are two main types of financial accounting: period-based and payment-based. The main difference between the two types of financial accounting is when transactions are recorded (or not recorded).
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if ohio company received $2,250 as partial payment on the $9,000 account of carson mueller company and wrote off the remaining balance as uncollectible, the only difference between the entry under the direct write-off method and the allowance method (assuming that an adequate allowance account had been set up) would be a
A debit of $6,750 to Allowance for Doubtful Accounts under the direct method as opposed to a debit of $6,750 to Allowance for Bad Debt Expenses under the allowance method.
What exactly is a direct write-off technique?
The direct write-off method is a straightforward procedure that requires you to enter a journal entry to credit your accounts receivable account with the same amount as the bad debt and debit your bad debt account for the bad debt.
Due to the fact that an allowance for doubtful accounts affects the value of an asset, in this example the accounts receivable, it is referred to as a "counter asset."
Therefore, Depending on the company's prior history with bad debt, a percentage of net sales can be used to estimate a bad debt expense.
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Which type of temporary group is formed to address a specific situation in an organization?
A.
interest group
B.
secondary group
C.
self-managed group
D.
task group
E.
command group
Out of the choices provided above, it can be concluded to state that the task group is formed to address a specific situation in an organization. Therefore, the option D holds true.
What is the significance of a task group?A task group can be referred to or considered as a group that performs only the functions that it has been advised to. This group is created by an organization to bring an element of specialization in their work-processes. It is not a permanent part of an organization, and is created as and when required.
Therefore, the option D holds true and states regarding the significance of a task group.
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item 20 bennett company has a potential new project that is expected to generate annual revenues of $264,800, with variable costs of $145,200, and fixed costs of $62,200. to finance the new project, the company will need to issue new debt that will have an annual interest expense of $26,000. the annual depreciation is $25,800 and the tax rate is 21 percent. what is the annual operating cash flow?
The Annual operating cash flow is $50,764.
Given in the Question,
Revenue = $264,800
Variable Cost = $145,200
Fixed Cost = $62,200
Depreciation Expenses = $25,800
The computation of the operating cash flow is shown below;
As we know that
Annual Operating Cash Flow is
= EBIT × (1 - Tax Rate) + Depreciation Expenses
Here,
Firstly, we will find Earnings Before Interest & Tax [EBIT]
Earnings Before Interest & Tax [EBIT] = Revenues - Variable Cost - Fixed Costs - Depreciation Expenses
= $264,800 - $145,200 - $62,200 - $25,800
= $31,600
Now,
Annual Operating Cash Flow = EBIT × (1 - Tax Rate) + Depreciation Expenses
= $31,600 × (1 - 0.21) + $25,800
= [$31,600 × 0.79] + $22,000
= $24,964 + 25,800
= $50,764.
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which type of fire department pays all of their personnel either a salary or hourly wage because their operations are too large and complex for volunteers?
Type of fire department pays all of their personnel either a salary or hourly wage because their operations are too large and complex for volunteers is Career fire department.
What is the work of fire department?
ROLE OF FIRE SERVICES IN INDIA: Role of Fire Service in India broadly is extinguishing fire and protecting life and property in case of fire. Fire Service role has changed dramatically in the last few years. Some changes were influenced by external forces, while the impetus for others was the organization itself.
What is the highest position in the fire department?
Fire Chief
The rank structure is as follows (in ascending order): Probationary Firefighter, Firefighter, Driver Engineer, Lieutenant, Captain, Battalion Chief, Assistant Chief, and Fire Chief.
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Which of the following is a feature of a Capitalist Economy?
A. barter trade
B. market trade
C. closed economics
D. non-commercial activities
Answer: B. Market Trade
Explanation:
why would any firm want to restrict itself to a single segment, when multiple segments suggest the promise of more sales?
Any firm restricts itself to a single segment when multiple segments provides them more sales to provide more quality to its customers.
If any company wants more sales then they have to provide quality products to their customers. The quality will be provided only when the company restricts itself to one segment and completely focus on the manufacturing of best products in the market.
Quality is one of the main achievement of any company that restricts them to deal in only one segment.
Hence, it is necessary to restrict yourself to one segment if you want to provide quality to you customers.
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what do manufacturers sometimes add to stored-pressure water extinguishers in order to increase their effectiveness?
Manufacturers sometimes add class A foam to stored-pressure water extinguishers in order to increase effectiveness.
A biodegradable blend of foaming and wetting chemicals is called "Class "A" Foam Concentrate. Two qualities of water may be altered when the right quantities are combined with it. The wetting effectiveness of Class "A" foam will increase, allowing for deeper penetration into Class "A" fuels. When sodium bicarbonate and foam stabilizer are combined with aluminum sulfate in a foam-type fire extinguisher, a reaction occurs that releases carbon dioxide, which is used to put out the fire.
Level A When it comes to disposal, the foam may be created from non-corrosive, non-toxic, and biodegradable components. Heat absorption is greatly boosted when a foam bubble's surface area is greater than that of simple water droplets.
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the dex home improvement general partnership is planning to adopt a fiscal year ending september 30, while brinks (a 20% partner) uses the calendar year as his taxable year. what internal revenue code section and subsection describes how brinks should determine the amount of income and other partnership items from the fiscal-year partnership that must be reported on brinks's calendar-year tax return?
The internal revenue code of section 706 and subsection describes the brinks should determine the amount of income and other partnership items.
What is tax and which section and subsection describes brinks and determine the amount of income?Tax is a fixed amount or financial charge levied by government from a service man or women for public works.Here the question is asked about internal revenue code section and subsection describing brinks determine the amount of income .The section 706 of taxable years of partner and partnership is about how the brinks determine the amount of income and other partnership.The income tax expense is all calculated by multiplying the taxable income by effective tax rate and that's how the income tax rate is calculated.Hence the section 706 and subsection describes how brinks should determine the amount of income and other partnership items from the fiscal year partnership .To know more about revenue code visit:
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the risk coming from inside the organization compared to the risk coming from outside the organization. if the article notes that this relative risk is changing, how is it changing an to what is the change attributed?
Researchers tracking amino acid changes in a large sequence database of SARS-CoV-2's spike protein discovered a D614G (glycine for aspartic acid) substitution that became the predominant polymorphism globally over time.
In animal and in vitro tests, viruses with the G614 polymorphism replicate better, bind to ACE-2 more tightly, and have higher levels of replication and transmissibility when compared to viruses with the D614 polymorphism [12,13]. [14] There is no evidence that the G614 mutation affects the binding of anti-spike antibodies or increases hospitalization risk [11]. There are now many SARS-CoV-2 lineages in circulation that carry it,
Question:using a web search engine, find an article from a reputable source, published within the past six months, that reports on the risk coming from inside the organization compared to the risk coming from outside the organization. if the article notes that this relative risk is changing, how is it changing and to what is the change attributed?
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a major criticism of the imf is that it imposes tight macroeconomic policy on any country it lends money to. this is referred to as a(n) blank approach.
A major criticism of the IMF is that it imposes a tight macroeconomic policy on any country it lends money to. This is referred to as a one size fits all approach.
What is one size fits all approach?It relates to policies or approaches that are standard and not modified according to individual needs.
The one-size-fits-all approach is one where all customers get the same treatment, regardless of their preferences. Unless a client is particularly important, chances are that virtually all the bank’s customers got the same treatment.
What is the IMF?The International Monetary Fund (IMF) is the central institution embodying the international monetary system and promotes balanced expansion of world trade, reduced trade restrictions, stable exchange rates, minimal trade imbalances, avoidance of currency devaluations, and the correction of balance-of-payment problems.
It is an organization of 190 countries.
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In what range do the closing costs on a home loan typically fall?
a. 1% to 3%
b. 3% to 5%
c. 5% to 7%
d. 7% to 10%
Please select the best answer from the choices provided
OA
OB
OC
OD
Answer:3-5% on edge just got it right
Explanation:
An arena receives $1,000 per event for 16 concerts. If the administrative costs for this sponsorship total $12,000, what is the profit margin for the concert sponsorship?.
For 16 concert events, the profit margin for the concert sponsorship is 25%.
Profit margin is usually expressed in percentage or ratio to total revenues.
The formula for the profit margin is:
PM = [(Revenue - total cost ) / revenues] x 100%
Data from the problem:
The revenue per event = $1,000
number of events = 16
Hence,
total revenue = 16 x $1,000 = $16,000
total cost = $12,000
Profit = $16,000 - $12,000 = $4,000
Therefore,
Profit margin = 4,000/16,000 x 100% = 25%
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what is your opinion of an expat in your office being paid more than you when you are both doing the same job? explain your answer.
The expat package consists of a basic pay, benefits in kind are provided to a potential assignee in exchange for taking on an abroad assignment. Therefore compensated equally when performing same task.
What do you mean by assignment?A duty that you have been given by a higher authority is known as an assignment. To assign is a verb that is used to give duties or jobs to other people, and the word "assignment" is merely the noun form of this verb. An assignment is something that is given to a student.
Describe a work assignment.Assignment for work. means a position or post with clear job requirements that a person is assigned to for a set or flexible time period but is not yet classified as a particular type of work. Work assignment and duty assignment are synonymous.
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Fairmont company has shipped goods to willowbook recreation fob shipping point. Fairmont will recognize sales revenue when?.
Fairmont company has shipped goods to willow book recreation fob shipping point. Fairmont will recognize sales revenue when the goods leave Fairmont's shipping dock.
The notion of revenue recognition is a crucial aspect of accrual-basis accounting. Contrary to alternative cash-basis accounting, which recognizes revenue at the moment cash is received, this accounting approach recognizes revenue once it is thought to have been earned. The revenue recognition concept does not apply in cash-basis accounting.
The revenue recognition principle essentially states that revenues are recorded by businesses when the service or good is deemed supplied to the client rather than when the money is received. It can take longer and more in-depth investigation than one would think to determine what counts as a transaction.
When the products leave the seller's location and are in route to the buyer, sales revenue is recorded. As a result, it will be apparent here when the products leave Fairmount's shipping dock.
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a. the stated rate of interest is higher than the market rate. b. the market rate of interest is equal to the stated rate. c. the market rate of interest is less than the stated rate. d. the stated rate of interest is less than the market rate. e. the market rate of interest is higher than the stated rate.
If a bond is sold at a premium, options a, the stated rate of interest is higher than the market rate.
Premium bond costs higher than the face amount of the bond. Premium bonds have a high-interest rate in the market in comparison to the current market rate. The credit rating of the company and bond can increase the worth of the bond.
When the interest rate decreases, the bond price increases. Similarly, bond price decreases when interest rate increases. Premium bond has a coupon rate higher in comparison to the market rate.
Premium bonds are issued by a company with established companies with high credit ratings. Investors must know the reason for the high rates of premium bonds and the ratings of the company selling the premium bonds.
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in the context of fixed-quantity systems, is defined as the on-hand quantity (oh) plus any orders placed but which have not arrived minus any backorders (bo). question 4 options: inventory position the reorder point a stock-keeping unit work-in-process inventory
Inventory Position is defined as the on-hand quantity (oh) including any orders placed but which didn't come minus any backorders (bo), in the context of fixed-quantity systems.
Inventory positioning alludes to the particular area of different things in the product offering in the plant, local, or field stockrooms. Stock situating has a course on office area choice, and accordingly, must be considered in the coordination system. In the context of fixed quantity systems, inventory positioning is defined as the hands on the quantity plus any order which is placed but that does not arrive minus any backorders.
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which mode of entry is a contractual agreement granting a firm the right to use any kind of expertise of another firm in exchange for a fixed sum plus a royalty?
Nonequity-based modes is the mode of entry in a contractual agreement . A contract is an enforceable legal arrangement that establishes, details, and regulates the rights and duties of the parties.
What is contractual agreement?An enforceable legal agreement known as a contract. defines, specifies, and governs the parties' rights and obligations. The transfer of commodities, services, money, or a promise to transfer any of those at a later time are common components of contracts.
A contractual agreement, sometimes known as a contract, is an arrangement between two or more parties that establishes mutually binding legal responsibilities and permits or prohibits specific actions. If you don't follow these rules, you could be fined money, forced to perform community service, or even go to jail.
Legally binding contracts are useful tools for keeping businesses running smoothly. Business contracts offer the crucial legal safeguards you require for any operation.
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after a 25% discount, a pair of lebrons costs 67.50. what was the original price? round to the nearest dollar.
Assuming you are referring to the LeBron 15 basketball shoes, the original price would be $90.00. After a 25% discount, the cost would be $67.50.
To find the original price, we take the discounted price of 67.50 and divide it by the decimal equivalent of the 25% discount, which is 0.75.
67.50/0.75
=90.00
The original price of the lebrons was $90.00. The 25% discount brought the price down to $67.50.
Therefore, the original price of the lebrons is $90.00.
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which method is the most efficient way to communicate with clients and partners in places like mexico, malaysia, and china?
The most efficient way to communicate with clients is conversations over long dinners. With a conversations over long dinners, the clients and partners can discuss their importance.
Conversation generally can be described as an exchange of word. In the other side, communication generally can be described as the transformation of thoughts and words into meaningful action. The main difference between communication and conversation is that communication focuses more on what you wish to accomplish. Conversation will give you a social support through the relationship, which is friends, colleagues, or also the member of an organization.
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Martin Buber Co. purchased land as a factory site for $400,000. The process of tearing down two old buildings on the site and constructing the factory required 6 months.
The company paid $42,000 to raze the old buildings and sold salvaged lumber and brick for $6,300. Legal fees of $1,850 were paid for title investigation and drawing the purchase contract. Payment to an engineering firm was made for a land survey, $2,200, and for drawing the factory plans, $68,000. The land survey had to be made before definitive plans could be drawn. Title insurance on the property cost $1,500, and a liability insurance premium paid during construction was $900. The contractor�s charge for construction was $2,740,000. The company paid the contractor in two installments: $1,200,000 at the end of 3 months and $1,540,000 upon completion. Interest costs of $170,000 were incurred to finance the construction.
The cost of the land and the cost of the building as should be recorded on the books of Martin Buber Co are:
Land = $439,050Building = $2,913,100.What should be the recorded cost of the assets?All the costs incurred during the purchase, transportation, acquisition, and building of the asset should be included as part of the initial costs.
These costs are capitalized because they are incurred necessarily to bring the asset to its intended use.
Cost of Land:Descriptions Amount
Land $400,000
Razing old building $42,000
Legal fees $1,850
Title Insurance $1,500
Salvage pieces ($6,300)
Cost of Land $439,050
Cost of Building:Cost of Land:Descriptions Amount
Land survey $2,200
Liability insurance $900
Contractor's bill $2,740,000
Capitalized interest $170,000
Cost of Building $2,913,100
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Question Completion:Determine the cost of the land and the cost of the building as they should be recorded on the books of Martin Buber Co. Assume that the land survey was for the building.
what was the book value of the equipment inventory at the six-year point, substituting the new hydraulic lift for the original after the new lift had joined the inventory (in $)?
The book value of the equipment will be $287880
The original cost of the equipment= $377,000
The residual value of the equipment= $47000
Depreciation of original equipment= Original cost of equipment - Residual cost/Useful life
= 377000 - 47000/20
= $16500
The residual value of lift:
Original cost = $15080
Residual value after 20 years = $47000/$377000*15080 = $1880
Annual depreciation of lift = $15080 - $1880/20
$660
Book value after 6 years = $15080 - (6*660)
= $11120
Book value of equipment without substitution after 6 years = 377000 - 6*16500
= 278000
Book value of lift after 6 years = $11120
Book value of inventory after substitution = $278000 - 11120 + 21000
= $287880
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game theory is the study of the behavior of group of answer choices monopolists. price-takers interdependent firms. monopolistically competitive firms. all firms with market power.
Game theory is the study of the behavior of all firms with market power. The study of how people make decisions in situations where their success is dependent on their interactions with others; in economics.
The study of business decisions in industries where a firm's earnings are dependent on its interactions with other firms. Game theory is a mathematical approach to modelling behavior that examines the strategic decisions behavior of interacting parties. In classic experimental economics, game theory is based on the assumption of homo economics - a self-interested, rational maximizer. Agents produce results with respect to those agents' preferences (or utilities), even when none of the agents anticipated the outcomes in issue.
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fan company purchases inventory on account. the entry to record this purchase using a perpetual inventory system would include a debit to:
The entry that would record the purchase of inventory on account in a perpetual inventory system would include a debit to Inventory account.
How are inventory purchases recorded?When inventory is purchased, it is to be treated as an asset because it is owned by the company and will be used to make profit. This means that inventory purchases will be debited as assets are and will go to the inventory account.
The credited account would depend on how the inventory was purcahsed. If it was purcahsed with cash, the cash account is credited. If it was purchased on account, the accounts payables are credited. This is how a perpetual inventory system works.
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what are some of the main aspects of islamic finance that makes it difficult for banks based in the western world to offer financial services? g
Islamic banks face risks related to rate of return, noncompliance, equity investment, and displaced commercial activity are some of the main aspects of islamic finance that makes it difficult for banks based in the western world to offer financial services.
The lack of industry efforts to assist small traders and the poor, the issue of how to deal with inflation, late payments, the absence of sharia-compliant locations to park short-term funds for liquidity, the fact that non-Muslims own some companies, and the lack of hedging of currencies and rates are some other issues/complaints that have been made.
The creation of a suitable risk management environment is covered in Risk Management for Islamic Banks, along with a stage-based implementation strategy that includes risk identification, measurement, mitigation, monitoring, controlling, and reporting.
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ratios that measure a firm's financial leverage are known as ratios. group of answer choices asset management long-term solvency short-term solvency profitability market value
Ratios that measure a firm's financial leverage are known as ratios long-term solvency. The debt-to-capital ratio serves as a gauge for the financial leverage of an organization.
Due to its emphasis on the relationship between debt liabilities and a company's leverage capital base, it is one of the most useful debt ratios. A corporation is thought to be more at danger of being unable to meet its debt obligations and more likely to make late payments if it has a low solvency ratio. Financial ratios give business owners a means to assess their company's performance and contrast it with that of other companies in the same industry.
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when management centralizes a resource, such as a library or research department, and allows other units in the organization to have access to it, what kind of relationship does that resource have with those units?
when management centralizes a resource, such as a library or research department, and allows other units in the organization to have access to it, they are having Service kind of relationship.
Depending on their availability, resources can be divided into renewable and non-renewable categories. They can be divided into real and potential categories according to their level of development and use, biotic and abiotic categories according to their resource, and localised categories according to where they are distributed.
A group of people who cooperate, such as in a union, corporation, charity, or neighborhood association, constitutes an organisation. The word "organisation" can apply to a person, a group, a company, or the process of creating something. An entity, such as a business, institution, or association, that consists of one or more people and has a specific goal is known as an organisation.
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A consideration when using centralized compensation is what currency employees will be paid. Most US companies pay
even their overseas workers in dollars, and not in the local currency where the employee is working. What challenge might
be avoided in doing this?
O Currency valuation fluctuations
Cost of living
Equity in raises
Difficulties in administration
Most US companies pay even their overseas workers in dollars, and not in the local currency where the employee is working. Currency valuation fluctuations challenges might be avoided in doing this. The correct option is A.
How can a company overcome currency fluctuations?A forward contract protects the value of a transaction from future currency fluctuations. Fluctuations are avoided by setting the currency value at the value it is on the day when the deal is made as the one that will be considered at settlement.
Hedging reduces currency risk by offsetting currency fluctuations. If a US investor holds stocks in Canada, for example, the realized return is influenced by both changes in stock prices and the value of the Canadian dollar relative to the US dollar.
Thus, the ideal selection is option A.
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nancy wiley, cfa, suspects that one of her clients is involved in illegal money-laundering activity, and may have large amounts of unreported income. to comply with the code and standards, wiley's best course of action is to:
Nancy Wiley, CFA, suspects that one of her clients is involved in illegal money-laundering activity, to comply with the code and standards, Wiley's best course of action is to: Inform her supervisor, consult with her firm's compliance department and possibly outside counsel, and let her employer decide the next steps.
Money laundering is an illegal method of "cleaning" dirty money obtained from criminal activity such as drug trafficking, embezzlement, and terrorist financing by passing it through legitimate businesses. Financial criminals try to avoid detection by disguising their dirty money as legal profit in this manner.
Traditional methods of money laundering include smurfing, using mules, and forming shell corporations.
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