income and business decisions mini case stud

Option #1: Income and Business Decisions

Read the mini-case study from Entrepreneurship in small business Too Hot to Hold. Respond to the mini- case study questions, keeping in mind the following considerations:

• What do you think about Sly’s explanation of the differences between his income statement and his 1040 Schedule C?
• Suppose that the income statement is reasonably accurate. What do you think about the purchase price?
• What information should Gwendolyn obtain before making a decision to purchase the business?

Your well-written paper should:

• Be 3-4 pages in length, not including cover and reference pages.
• Be formatted according to the CSU-Global Guide to Writing and APA Requirements (Links to an external site.)
• Cite a minimum of three sources–two of which should be academic peer-reviewed scholarly sources, to support your responses–in addition to your textbook. The CSU-Global Library is a great place to find these resources.

Note that written assignments must have a title page, section headers, an introduction, a conclusion, and a reference page. Refer to the Critical Thinking Rubric available in the Module 2 Folder for information on grading.