Answer: Net income Dr $14,5611
Bonus payable CR 14,5611
Narration. Bonus expenses payable to staff
Employee Bonus account Dr 14,5611
Bank/Cash CR. 14.5611
Narration. Payment of employees bonus for previous year.
Answer:
Net present value of the project is $2,903
Explanation:
Net present value is the net of present value of all cash inflow or outflow of a project. It measure the net outcome of a project in current value terms. All the cash flows are discounted using a required rate of return.
All the calculations and workings are in the attached MS excel find please find it.
Answer:
1. Processing time:
Processing time = Theoretical time
Processing time is there for 6 minutes
Non processing time = Actual cycle time - processing time
= 7.35 - 6
= 1.35 minutes
2. Manufacturing Cycle Efficiency (MCE):
= Processing time / Actual cycle time
= 6 / 7.35
= 81.6%