A company keeps $150,000 cash reserve to meet day-to-day expenses.The cash reserve is centralized and various branches can access money from the reserve to meet every-day expenses.This cash reserve is part of the company's ________ account.

Question

Quizplus · Accepted Answer

A)The working capital accounts represent a firm's cash on hand as well as economic value that can be converted to cash (inventory)or is expected from customers (accounts receivable), minus what it is scheduled to pay out (accounts payable).
B)The working capital accounts represent a firm's cash on hand as well as economic value that can be converted to cash (inventory)or is expected from customers (accounts receivable), minus what it is scheduled to pay out (accounts payable).
C)The working capital accounts represent a firm's cash on hand as well as economic value that can be converted to cash (inventory)or is expected from customers (accounts receivable), minus what it is scheduled to pay out (accounts payable).
D)The working capital accounts represent a firm's cash on hand as well as economic value that can be converted to cash (inventory)or is expected from customers (accounts receivable), minus what it is scheduled to pay out (accounts payable).
E)The working capital accounts represent a firm's cash on hand as well as economic value that can be converted to cash (inventory)or is expected from customers (accounts receivable), minus what it is scheduled to pay out (accounts payable).

A Company Keeps $150,000 Cash Reserve to Meet Day-To-Day Expenses