State whether Person B is highly compensated employee if Person B receives a total salary of $110,000 and is a member of the top-paid group in the company.

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Answer 1

Question

Chapter 19, Problem 28P

a.

To determine

State whether Person B is highly compensated employee if Person B receives a total salary of $110,000 and is a member of the top-paid group in the company.

b.

To determine

State whether Person B is highly compensated employee if Person B receives a total salary of $192,000, and salary is in the top 30% of the employees.

c.

To determine

State whether Person B is highly compensated employee if Person B receives a total salary of $113,500, which puts Person B in the top 15% of the employees.

d.

To determine

State whether Person B is highly compensated employee if Person B receives a salary of $153,000, which puts him in the 25%–30% range of employees.

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Subject = General Account

Aerotrino produces and sells popular t-shirts. Following is information about its t-shirts for 2014: Selling price $15.00 per t-shirt Variable costs: Production (manufacturing costs) - $3.50 per t-shirt Selling & administration - $1.00 per t-shirt Fixed costs: Production (manufacturing costs) - $1,000,000 per year Selling & administration - $2,000,000 per year During 2014, the company produced 400,000 t-shirts and sold 350,000 of them. Assume that there was no beginning inventory. How much is the net income under variable costing?

ROE?

Answer 2

Question

Chapter 19, Problem 28P

a.

To determine

State whether Person B is highly compensated employee if Person B receives a total salary of $110,000 and is a member of the top-paid group in the company.

b.

To determine

State whether Person B is highly compensated employee if Person B receives a total salary of $192,000, and salary is in the top 30% of the employees.

c.

To determine

State whether Person B is highly compensated employee if Person B receives a total salary of $113,500, which puts Person B in the top 15% of the employees.

d.

To determine

State whether Person B is highly compensated employee if Person B receives a salary of $153,000, which puts him in the 25%–30% range of employees.

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Answer 3

Question

Chapter 19, Problem 28P

a.

To determine

State whether Person B is highly compensated employee if Person B receives a total salary of $110,000 and is a member of the top-paid group in the company.

b.

To determine

State whether Person B is highly compensated employee if Person B receives a total salary of $192,000, and salary is in the top 30% of the employees.

c.

To determine

State whether Person B is highly compensated employee if Person B receives a total salary of $113,500, which puts Person B in the top 15% of the employees.

d.

To determine

State whether Person B is highly compensated employee if Person B receives a salary of $153,000, which puts him in the 25%–30% range of employees.

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Answer 4

Question

Chapter 19, Problem 28P

a.

To determine

State whether Person B is highly compensated employee if Person B receives a total salary of $110,000 and is a member of the top-paid group in the company.

b.

To determine

State whether Person B is highly compensated employee if Person B receives a total salary of $192,000, and salary is in the top 30% of the employees.

c.

To determine

State whether Person B is highly compensated employee if Person B receives a total salary of $113,500, which puts Person B in the top 15% of the employees.

d.

To determine

State whether Person B is highly compensated employee if Person B receives a salary of $153,000, which puts him in the 25%–30% range of employees.

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Answer 5

Chapter 19, Problem 28P

a.

To determine

State whether Person B is highly compensated employee if Person B receives a total salary of $110,000 and is a member of the top-paid group in the company.

b.

To determine

State whether Person B is highly compensated employee if Person B receives a total salary of $192,000, and salary is in the top 30% of the employees.

c.

To determine

State whether Person B is highly compensated employee if Person B receives a total salary of $113,500, which puts Person B in the top 15% of the employees.

d.

To determine

State whether Person B is highly compensated employee if Person B receives a salary of $153,000, which puts him in the 25%–30% range of employees.

Answer 6

Chapter 19, Problem 28P

a.

To determine

State whether Person B is highly compensated employee if Person B receives a total salary of $110,000 and is a member of the top-paid group in the company.

Answer 7

Chapter 19, Problem 28P

a.

To determine

State whether Person B is highly compensated employee if Person B receives a total salary of $110,000 and is a member of the top-paid group in the company.

Answer 8

b.

To determine

State whether Person B is highly compensated employee if Person B receives a total salary of $192,000, and salary is in the top 30% of the employees.

Answer 9

b.

To determine

State whether Person B is highly compensated employee if Person B receives a total salary of $192,000, and salary is in the top 30% of the employees.

Answer 10

c.

To determine

State whether Person B is highly compensated employee if Person B receives a total salary of $113,500, which puts Person B in the top 15% of the employees.

Answer 11

c.

To determine

State whether Person B is highly compensated employee if Person B receives a total salary of $113,500, which puts Person B in the top 15% of the employees.

Answer 12

d.

To determine

State whether Person B is highly compensated employee if Person B receives a salary of $153,000, which puts him in the 25%–30% range of employees.

Answer 13

d.

To determine

State whether Person B is highly compensated employee if Person B receives a salary of $153,000, which puts him in the 25%–30% range of employees.

Answer 14

Expert Solution & Answer

Answer 15

Expert Solution & Answer

Answer 16

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Answer 17

Ch. 19 - Prob. 1DQ Ch. 19 - Prob. 2DQ Ch. 19 - Prob. 3DQ Ch. 19 - Prob. 4DQ Ch. 19 - Prob. 5DQ Ch. 19 - Prob. 6DQ Ch. 19 - Prob. 7DQ Ch. 19 - Prob. 8DQ Ch. 19 - Prob. 9DQ Ch. 19 - Prob. 10DQ

State whether Person B is highly compensated employee if Person B receives a total salary of $110,000 and is a member of the top-paid group in the company.

Solution Summary: The author states that Person B is highly compensated if he receives 110,000 and is a member of the top-paid group in the company.

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State whether Person B is highly compensated employee if Person B receives a total salary of $110,000 and is a member of the top-paid group in the company.

State whether Person B is highly compensated employee if Person B receives a total salary of $192,000, and salary is in the top 30% of the employees.

State whether Person B is highly compensated employee if Person B receives a total salary of $113,500, which puts Person B in the top 15% of the employees.

State whether Person B is highly compensated employee if Person B receives a salary of $153,000, which puts him in the 25%–30% range of employees.

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