Ask Question
BusinessBusiness
2 November, 18:13

Arthur Baxter, a manager in records retention for SWC Company, has ordered seven laptop computers for his department, even though he only has five employees. In addition to each laptop, he ordered extra copies of several software programs. When the equipment arrives, Baxter sends one of the extra laptops to his son who is a freshman at Eastern University and sells three of the original software packages to friends. Which of the following offenses could Baxter be charged with?

a. Larcenyb. Embezzlementc. Conversiond. All of the above

+2
Answers (2)
  1. 2 November, 18:33
    0
    Answer: D. All of the above

    Explanation: Baxter could be charged for all the crimes listed above as they all wrongful act of taking a property isn't rightfully yours.

    Larceny simply refers to theft of property or belonging usually without the use of force.

    Baxter could also be charged with embezzlement, being a manager, as his action shows wrongful misappropriation or ownership of assets placed under his watch by ordering for more number of items than required so he can earn illegally by selling the excess.

    Baxter also portrayed an act of conversion by diverting official or properties or asset for personal use asset.
  2. 2 November, 18:39
    0
    D. All of the above

    Explanation:

    Larceny involves the theft of another person or business personal property. It involves wrongful taking or carrying away of another person or business personal goods. By sending one of the extra laptops to his son and selling 3 of the softwares, Baxter is committing Larceny.

    Embezzlement is a form of financial fraud that involves the misappropriation of funds placed in the trust of an employer. It is the fraudulent taking of personal property by someone who it was entrusted to. Baxter embezzled by ordering 7 laptops even though only 5 was needed and also ordering extra copies of softwares.

    Conversion involves taking another person money or property and converting it for one's own use or a third party that it wasn't intended for. By selling original software packages to his friends, Baxter engaged in fraudulent conversion of those equipments.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Arthur Baxter, a manager in records retention for SWC Company, has ordered seven laptop computers for his department, even though he only ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Vintage Baskets had the following department dа ta:Work in process, physical units, August - 18,000Completed and transferred out physical units - 69,000Work in process, physical units, August - 316,000Materials are added at the beginning of
Answers (1)
Consists of people, equipment, and procedures to gathr, sort, analyze and distribute needed, timely and accurate information to marketing decision makers
Answers (1)
The unemployment rate ofa. women greatly exceeds that of men. b. whites is roughly equal to that of African Americans. c. managerial and professional workers exceeds that of construction and extraction workers. d.
Answers (1)
Tristan transfers property with a tax basis of $900 and a fair market value of $1,200 to a corporation in exchange for stock with a fair market value of $900 and $200 in a transaction that qualifies for deferral under section 351.
Answers (1)
Whindy Corporation, an S corporation, reports a recognized built-in gain of $80,000 and a recognized built-in loss of $10,000 this year. Whindy holds an $8,000 unexpired NOL carryforward from a C corporation year.
Answers (1)
New Questions in Business
The income statement for the Skysong, Inc. for the month ended July 31 shows Service Revenue $16,010, Salaries and Wages Expense $8,410, Maintenance and Repairs Expense $2,510, and Income Tax Expense $1,010.
Answers (1)
A leftward shift in the long-run aggregate supply curve is most likely going to cause which of the following? A) decrease in the average price level B) increase in the average price level C) increase in real output
Answers (1)
Free market economy how are prices set?
Answers (1)
Patel Service Co. does make a few sales on account but is mostly a cash business. Consequently, it uses the direct write-off method to account for uncollectible accounts. During Year 1, Patel Service Co.
Answers (1)
Accepting a special order will improve overall net operating income if the revenue from the special order exceeds: a. the contribution margin on the order. b. the incremental costs associated with the order. c.
Answers (1)
Home » Business » Arthur Baxter, a manager in records retention for SWC Company, has ordered seven laptop computers for his department, even though he only has five employees. In addition to each laptop, he ordered extra copies of several software programs.
Sign Up Forgot Password?