Which of the Following Is an Asset Account

question 9

Multiple Choice

Which of the following is an asset account?

• A)Salaries Expense
• B)Accounts Payable
• C)Service Revenue
• D)Prepaid Expense

Appreciate the significance of the Four Freedoms and the Atlantic Charter in laying the groundwork for post-war international cooperation.

Analyze the role of the United Nations in shaping the post-World War II order.

Understand the concept of profit-maximizing in labor markets.

Comprehend the characteristics of monopsony in the labor market.

---

Definitions:

Precautionary Balances

Cash balances held in reserve for random, unforeseen fluctuations in cash inflows and outflows.

EOQ Model

Economic Order Quantity, an inventory management model that determines the optimal order quantity to minimize total inventory costs, including holding and ordering costs.

Safety Stock

A level of extra inventory maintained to mitigate the risk of stockouts caused by variations in supply and demand.

DSO

Days Sales Outstanding; a measure of the average number of days that a company takes to collect revenue after a sale has been made.