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The weekly capacity measured in machine hours for a small machine shop follows the probability distribution shown below. Use the following random numbers to simulate weekly capacity for the machine shop for the next five weeks: 93, 31, 71, 8, 6.
If the first random number interval begins with 0, then the estimated average capacity for the simulated five week period is
General Journal
A primary accounting record used to record all types of financial transactions in chronological order.
General Ledger
A comprehensive record of all financial transactions within a company, used to compile financial statements.
Pay Period
The time frame over which an employee's work hours are recorded and for which they are compensated.
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