The Following Data Is Related to the Time Required to Post

question 59

Essay

The following data is related to the time required to post Kriptonite Corporation's daily general ledger entries:
$$\begin{array} { l c } \text { Number of GL entries posted } & 850 \\\text { Total elapsed minutes } & 340 \\\text { Rest period minutes } & 6 \\\text { Interruption minutes } & 6.5\end{array}$$ Required:
a.Calculate the standard posting time per GL entry.
b.Calculate the combined rest and interruption time as a percentage of the standard time per GL entry.

---

Definitions:

Competitive Products

Goods or services offered by different firms that compete in the same market space and aim to satisfy the same consumer needs.

Net Operating Cash Flow

The amount of cash generated by a company’s normal business operations, after accounting for operating expenses and working capital changes.

Capital Cost Allowance

A tax deduction available in many jurisdictions for businesses, representing a yearly allowance for the wear and tear, deterioration, or obsolescence of the property.

Tax Rate

The fraction of earnings upon which the government imposes taxes on a person or corporate entity.