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Using the list of accounts below, construct a chart of accounts for a merchandising business that rents out a portion of its building, and assign account numbers and arranging the accounts in balance sheet and income statement order ("1" for assets, and so on). Each account number should have three digits. Contra accounts should be designated with a decimal of the account (100.1 for contra of account 100). Assets and liabilities should be in order of liquidity, expenses should be in alphabetical order.
Utilization
The ratio of the time that a resource is actually used to the time it is available for use, often measured to assess efficiency in operations.
μ
A symbol often used to represent the mean or average value of a set of numbers in statistics.
Average Waiting Time
The average time that a customer or item spends waiting in a queue before being served.
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