Gina Sells "Bulk Up" Steroids Over the Internet

question 9

Multiple Choice

Gina sells "Bulk Up" steroids over the Internet.She is arrested and charged with the sale of a controlled substance.This is cyber crime,which is

• A)a new category of crime that is not related to older types of crime.
• B)a crime that occurs the virtual community of the Internet.
• C)a crime that is less real than the same crime in the physical world.
• D)no crime.

---

Definitions:

Net Credit Sales

The total value of sales made on credit minus returns and allowances, representing actual sales revenue earned and expected to be collected.

Honoring a Note

The act of paying off a note payable or bond at its maturity, fulfilling the issuer's obligation.

Note Receivable

A note receivable is a financial asset representing a written promise to receive a specific amount of money, with interest, from another party by a certain date.

Percent of Sales Method

A financial analysis tool used to forecast future expenses or accounts such as bad debts, based on a percentage of sales.