Problem 1: If an auditor had to find money laundering in the car wash business for example. The auditor would have to look at the full capacity of the car wash and the cost of one car wash. So if under full capacity the car was could wash 100 cars per day and if everyone purchased the most expensive wash of $20. Then the most cash the car wash could generate in one day is $20 * 100 = 2000. So if the car wash deposited more than 2,000 per day in cash then there would be reasonable cause for an investigation. Is this how it works from an audit standpoint? How else could you find laundering in a car wash?
Problem 2: One way to conduct money laundering would be to acquire money orders in "low" dollar amounts. Would this specific practice circumvent your bank controls?
Problem 3: In dealing with money laundering, what are items that will tip off the accountant?
Problem 4: Why would a copyright (65 years) be so much longer than a patent (20 years)?
Problem 5: What is the difference between real and personal property? What are the business reasons to be able to distinguish between real and personal property?
Problem 6: Could personal property be converted to real property? If yes, how?
Problem 7: How do most local communities (especially counties) generate there tax revenue.
Problem 8: What are the two categories of personal property?
Problem 9: Would like to consider the transfer of personal property versus real property. The concept of buying a house versus buying a car (real versus personal property). Immediately we know there are significant differences in the legal transfer of these types of property? What are the conceptual reasons for these differences?
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