Question: Please only answer questions 3 in details with calculations Assignment Questions: 1. Were Berkshire's motivations for a new incentive system reasonable? If so, what were

Please only answer questions 3 in details with calculations

Assignment Questions: 1. Were Berkshire's motivations for a new incentive system reasonable? If so, what were their main options for a new system? Was an economic profit-focused system a reasonable choice? 2. Use the data pertaining to the Snack Food Division, as shown in Table 1 below, to calculate: a. The economic profit for the division for 2000 and 2001. b. The economic profit target for the division for 2001. c. The division manager's bonus payout (% of salary) for 2000 and 2001. (Assume that the slope of the payoff line for 2000 was arbitrarily set by the Berkshire management to equal 1.0.) 3. Assume the base salary of the manager of the Snack Foods Division was 120,000 in both 2000 and 2001. How much cash would the manager receive from his bonus payouts in 2000 and 2001? 4. Evaluate the Berkshire Industries' new incentive plan. What changes would you recommend, if any? 5. What, if anything, should Mr. Embleton do about the problems caused by performance shortfalls in the Spirits Division in 2000 and 2001? Should Mr. Embieton make special adjustments of the economic prot figures or the bonus payouts for personnel in the Spirits Division in 2000 and 2001? Why or why not

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