Memphis is the owner of a car performance tuning business. As a ...

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Memphis is the owner of a car performance tuning business. As a sole proprietor, any profit he earns is:
 A) taxed as the earnings of a sole proprietorship as a business.
  B) treated as Memphis's personal income.
  C) not subjected to any tax.
  D) taxed only when he withdraws the money from a bank.

Question 2

Describe the merger trends affecting American business.

[lkoler]

Answer to Question 1

B

Answer to Question 2

Most experts predict that mergers and acquisitions will result from companies that have large amounts of cash and are looking to acquire other businesses that will enhance their position within the marketplace. Experts also predict that more mergers involving investors from other countries will occur. There will be a real focus on mergers and acquisitions driven by solid business logic and the desire to compete in the international marketplace.

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Excellent

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