The Average Cost of Housing an Elderly Inmate Is

question 15

Multiple Choice

The average cost of housing an elderly inmate is:

• A)three times the average cost of other prisoners.
• B)three times less expensive than the cost of other prisoners.
• C)approximately the same as any other prisoner.
• D)none of these choices.

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Definitions:

Purchased

Acquiring goods, services, or assets in exchange for money or its equivalent.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account columns that are equal.

Chart of Accounts

A structured list of all the financial accounts in an organization's general ledger, categorized by short and long-term liabilities, assets, revenue, and expenses.

Income Statement

A financial report that shows a company's revenues, expenses, and net income over a specific period of time.