When a Person Steals or Uses for Themselves the Money

question 33

Multiple Choice

When a person steals or uses for themselves the money or property another person has entrusted to them,which of the following crimes has occurred?

• A) cybercrime
• B) arson
• C) xenophobia
• D) embezzlement
• E) ritualistic crime

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Definitions:

Accounts Receivable Turnover

This ratio measures how efficiently a company collects revenue from its customers by dividing total sales by the average accounts receivable during a specific period.

Credit Sales

Sales transactions where the payment is deferred to a future date, essentially extending credit to the purchaser.

Credit Period

The amount of time allowed by a seller for a buyer to pay for goods or services received, typically expressed in days.

Operating Cycle

The time period between the acquisition of inventory and when cash is collected from receivables.