Mark Carefully Plots a Course of Action to Embezzle $100,000

question 73

Multiple Choice

Mark carefully plots a course of action to embezzle $100,000 from his employer, Sue.He is fired before he ever gets a chance to put the plan in action.In cleaning out his desk, Sue finds his plans.Mark is:

• A)guilty of a crime because he intended to carry it out.
• B)guilty of a crime because he had mens rea.
• C)not guilty because he did not act on his plan.
• D)not guilty because he is no longer employed by Sue.

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Definitions:

Average Collection Period

A financial metric used to evaluate the average number of days a company takes to collect payments from its credit sales.

Acid-test Ratio

A stringent indicator of a company's liquidity, calculated by dividing liquid assets by current liabilities, to determine if it can meet short-term obligations.

Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term financial health and operational efficiency.

Inventory Turnover

A ratio showing how many times a company sells and replaces its stock of goods within a certain period.