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In this assignment, you will be given several different scenarios. You will need to create a document that details which plan type you think would be best for each situation and why you have chosen that plan type. Justify your selection for each plan type. You will lose points if you just provide the plan type without adding your logic, because I will not know if you are guessing. Each scenario will be worth 1 point. There are nine scenarios, so you will receive 1 extra point for turning the assignment in on time. Each scenario will have only one correct answer and you may not use the same plan type for more than one scenario. The plan types that you can choose from are: a Straight Defined Benefit Plans, a Target Benefit Plans, an ESOP, a SIMPLE, a SEP, a 401(k), a 403(b), a Profit Sharing Plan, or a Money Purchase Pension Plan.
Scenario
An optometrist has a private practice in a medium-sized town. They specialize in unique eyewear. They are the only place within 75 miles where a consumer can find Lacoste and Gucci frames. This doctor is doing well for himself. He has decided that he wants to provide a retirement benefit for all of his employees. He has three full-time employees and four part-time employees that fill in during either busy or evening shifts. He also wants the contributions to have a discretionary nature on the chance that either competition or consumer tastes change his profitability. His employees have been very loyal workers and does not have any desire to use vesting schedules to enhance employee retention. However, the doctor has one employee who has a significant problem with overspending. He does not want to encourage this trend and therefore does not want to offer plan loans. What plan type is best for this potential client?
calculate the net present value (NPV) and payback period for the acquisition.
Prestopino Corporation produces omtorcycle bateries. Prestopino turns out 1,500 batteries a day at a cost of $6 per battery for materials and labor. It takes the firm 22 days to convert raw mateials into a battery. What is the length of Prestopino's ..
f Ann refinances into this loan after 5 years, what will be her total cost of refinancing? Answer is 10,913.16.
What is the difference between this bond's yield to maturity (YTM) and its yield to call (YTC)?
You are planning to deposit $1,000 in a savings account. Account A compounds monthly while account B compounds semiannually.
You work for a pharmaceutical company that has developed a new drug. What is the present value of the new drug if the interest rate is 11 % per? year?
When a partnership interest is sold during the partnership's taxable year, how is the income allocated between the buying partner and selling partner?
What investment would be a hedge for a corn farmer? Hedging contracts on a futures exchange eliminates: The seller of a forward contract agrees to:
Assuming you can find a three year zero with 6% rate of return, how muich money do you need to dedicate today in order to have $120 million in three years?
Statement of retained earnings Hayes Enterprises began 2015 with a retained earnings balance of $928,000. During 2015, the firm earned $377,000 after taxes. From this amount, preferred stockholders were paid $47,000 in dividends. Prepare a statement ..
Jeremy and Gladys own a cabin in Sun Valley, Idaho, which they rented for 30 days. They also used the cabin with their family and friends for the ski season for 45 days. Their income and expenses were as follows: rental income $4,000, mortgage intere..
Calculate the minimum amount of USD that would be received if you exercise the option. What is the maximum amount you could receive?
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