Robert Uses FedEx in a Scheme to Defraud Standard Sales

question 36

Multiple Choice

Robert uses FedEx in a scheme to defraud Standard Sales Company by obtaining merchandise to which he is not entitled. Found guilty of mail fraud,Robert can be punished by

• A)imprisonment for up to fifty years.
• B)imprisonment for up to five years and fines of up to $1,000.
• C)fines up to $5 million.
• D)none of the choices.

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Definitions:

Cash Payments

Transactions involving the transfer of cash from one party to another, often for the purpose of settling debts or purchasing goods and services.

Salaries Expense

The total amount paid to employees for work performed during a specific period, reflected as an expense on the income statement.

Salaries Payable

A liability account that represents the amounts owed to employees for work performed but not yet paid.

Cash Amount

The total amount of money, in cash form, that is available or in consideration in a transaction.