For Each of the Following, Identify in Column 1 the Category

question 70

Essay

For each of the following, identify in Column 1 the category to which the account belongs, in Column 2 the normal balance for the account, in Column 3 the financial statement on which the account balance is reported, and in Column 4 the account's nature (permanent/temporary).
- $$\begin{array} { | l | l | l | l | l | } \hline & \text { Column 1 } & \text { Column } 2 & \text { Column } 3 & \text { Column } 4 \\\hline \begin{array} { l } \text { Merchandise } \\\text { Inventory }\end{array} & & & & \\\hline\end{array}$$

---

Definitions:

Reliability

Reliability describes the ability of a system or component to perform its required functions under stated conditions for a specified period.

Parallel

An approach or system configuration where tasks or processes are run simultaneously, often to increase efficiency or throughput.

Series

A sequence of data points or elements that follow a particular order, often used in statistics, mathematics, and various scientific disciplines to analyze trends or patterns.

Optimal Maintenance Policy

The most efficient and effective strategy for maintaining equipment or systems, balancing costs with downtime and operational performance.