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NEW QUESTION: 1
A bank located in Arizona is considering a loan application for a new client. The collateral for the loan is a property in Florida.
The loan will be in the name of a limited company (LLC) whose ownership is not disclosed to the bank. The LLC was established by a New York-based attorney.
The loan will be repaid by the LLC in monthly wire transfers of $9,000 which is more than the required monthly payment.
Which aspect indicates the potential for money laundering?
A. The attorney associated with the account is outside the bank's lending area
B. The collateral, a property in Florida, is not located in Arizona
C. The repayment in the amount of $9,000 indicates potential structuring
D. The LLC's ownership is not disclosed to the bank
Answer: C,D
NEW QUESTION: 2
Which of the following equations is used to calculate cost variance?
A. AC/EV
B. AC-EV
C. AC+EV
D. EV-AC
Answer: D
NEW QUESTION: 3
An employee's absence record is created with just a few of the fields entered in the Absence form. Assuming Absence type is entered on all of the options below. Identify the fields that will ensure that the leave accrual of the employee is updated.
A. Data entered for Actual Start Date, Actual End date, and Duration
B. Data entered for Notified date, Projected Start Date, and Projected End date
C. Data entered for Actual Start Date and Duration
D. Data entered for Projected Start Date, Projected End date, and Duration
E. Data entered for Notified date, Projected Start Date, Projected End date, and Duration
Answer: A
Explanation:
Explanation
The absence is recorded in element entries when you enter an actual start date. If you change the start date, the element entry is deleted and a new one created. When you enter or change the end date, the element entry's end date is date effectively updated.