Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ben Johnson is the manager of the jewelry department of a large chain of department stores. The department store has the basis of customer service

image text in transcribed
Ben Johnson is the manager of the jewelry department of a large chain of department stores. The department store has the basis of customer service and quality of merchandise. As a manager, Ben is compensated with a salary of based on his unit's income The bonus pool is 10% of companywide net income when the unit's return on invested assets exceeds the rate of returm of the whole company, the unit manager is included in the bonus pool; the bonus pool is divided evenly among the managers that qualify for the bonus. Selected information about the department store and Ben's performance is as follows. Customer service is measured on a 6-point scale, with 6 being the highest rating; quality of service is measured on a 10-point scale, with 10 being the highest rating In the current period, 20 managers qualified for the bonus, including Ben. $300,000 and a bonus Jewelry 32 Stock price Net income Assets invested Customer service Quality of service Total revenue 1,998,eee 17,508,809 $23,500,000 $288,508,089 $ 3,600,000 $124,600,009 Required: Based on the above information, what is the amount of total compensation for Ben? $300,000 O$390,250 $387,500 $399,500

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Organizational Auditing And Assurance In The Digital Age

Authors: Rui Pedro Marques, Carlos Santos, Helena InĂ¡cio

1st Edition

1522573569, 978-1522573562

More Books

Students also viewed these Accounting questions

Question

What is the importance of e-learning in the global environment?

Answered: 1 week ago