Sunday
March 29, 2015

Homework Help: Finance

Posted by dwayne on Thursday, September 5, 2013 at 2:45pm.

Abe is an entrepreneur who likes to be actively involved in his business ventures. He is going to invest $500,000 in a business that he projects will produce a tax loss of approximately $100,000 per year in the short run. However, once consumers become aware of the new product being sold by the business and the quality of the service it provides, he is confident the business will generate a profit of at least $125,000 per year. Abe has substantial other income (from both business ventures and investment activities) each year. Advise Abe on the business form he should select for the short run. He will be the sole owner

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Math - PreCalc (12th Grade) - Jake has decided upon three business ventures to ...
Income Tax - Accounting. Help Me Please. - Tax Rates, latesha, a single taxpayer...
ACC 233-INCOME TAX - Tax Rates, latesha, a single taxpayer, had the following ...
math - jake has decided upon three business ventures to invest in. The total ...
financial accounting and reporting - january 01,2007 Mr.A started a business ...
Economics - Suppose that a tour bus business incurred implicit costs of $600,000...
Tax Planning - Lake Michigan Inc. excluded a $125,000 discharge of indebtedness ...
tax - Bailey owns a 20% interest in a partnership (not involved in real estate) ...
math - A certain sweepstakes ticket has four categories of prizes with the ...
Tax - Fay, a sole proprietor is engaged in a cash basis, service business. In ...

Members