A Keogh plan is a tax-deferred pension plan available to self-employed individuals or unincorporated businesses for retirement purposes. A Keogh plan can be set up as either a defined-benefit or a defined-contribution plan, although most plans are set as the latter.
Answer:
a) 2.5%
b) 6%
c) 3.5%
Explanation:
The Formula to be used is the <em>habitat hypothesis </em>
as stated in the document attached below
a) it = 2%; it+1 =3%
= 0 + ( 2 + 3 ) / 2
= 2.5% ( two year nominal interest rate )
b) it = 2%; it+1+1 = 10%
= 0 + ( 2 + 10 ) / 2
= 6% ( two year nominal interest rate )
c) it = 2%; 1t+1 = 3%. ∝₂,t = 1%
= 1 + ( 2 + 3 ) / 2
= 1 + 2.5 = 3.5%
A step lease covers the landlord's expected increases in expenses by increasing the rent on an annual basis over the life of the agreement.
The entrepreneurial qualities that helps any businessman to be successful in his or her business are as follows:
1) The quality of goods and services should be maintained.
2) The information regarding the product needs to be disseminated to the public.
3) Finance and funding should be taken care of to avoid illegal profits and bankruptcy.
4) True and fair means of practices should be followed.
5) The entrepreneur should be accountable and responsible for the services provided by him.
Answer:
Conyers = $38,580
Poodle = $222,420
Explanation:
Annual salary allowance to Poodle of $146,160.
Interest of 6% on each partner's capital balance on January 1.
Any remaining net income divided to Conyers and Poodle, 1:2.
net income $261,000
distribution of interests:
- Conyers = $54,000 x 6% = $3,240
- Poodle = $93,000 x 6% = $5,580
drawings (annual salary allowance):
remaining income = $261,000 - $146,160 - $3,240 - $5,580 = $106,020
- Conyers (1/3) = $35,340
- Poodle (2/3) = $70,680
total distributed:
- Conyers = $3,240 + $35,340 = $38,580
- Poodle = $5.580 + $146,160 + $70,680 = $222,420
