The Earliest Facility That Embodied the Concepts of the New

question 15

Multiple Choice

The earliest facility that embodied the concepts of the New York System was ______.

• A)Eastern State Penitentiary
• B)Sing Sing
• C)Castle Island Fortress
• D)Auburn Prison

---

Definitions:

Bad Debts Expense

Bad debts expense represents the estimated amount of accounts receivable that a company does not expect to collect due to customers' inability to fulfill payment obligations.

Notes Receivable

Financial assets representing the right to receive payments from a debtor for a specified amount by a certain date.

Receivables Turnover

A financial ratio indicating how quickly a company collects outstanding accounts receivable.

Current Ratio

A liquidity ratio that measures a company’s ability to cover its short-term liabilities with its short-term assets.