Match Each Description with the Item Below

question 71

Multiple Choice

Match each description with the item below.
-Francis Cabot Lowell

• A)invented the telegraph
• B)invented the sewing machine
• C)with Boston Associates, formed the Boston Manufacturing Company
• D)earned a medical degree, a first of its kind
• E)was a piano maker and immigrant
• F)helped found schools to train teachers and promoted the idea of free public education
• G)was the first clipper ship
• H)improved the steel plow, thereby making it possible to farm the Great Plains
• I)was the first commercial steamboat, built by Robert R. Livingston and Robert Fulton
• J)was a Jewish tailor who made work pants during the gold rush and would become the origin story of a major brand
• K)was a famous composer whose song "Oh! Susanna" emerged as a national favorite

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Definitions:

Aging of Accounts Receivable

A method used to estimate the collectability of accounts receivable by categorizing them according to the length of time an invoice has been outstanding.

Credit Sales

Credit Sales are transactions in which goods or services are provided to customers with the understanding that payment will be made at a later date.

Credit Cards

Financial instruments issued by banks or financial institutions allowing cardholders to borrow funds at the point of sale, subject to repayment terms and interest rates.

Nonsufficient Funds Checks

Checks that cannot be processed due to the drawer’s account lacking sufficient funds, leading to a bank refusal to honor the check.