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Mini-Case Sergio Gonzales Is Employed by Bigbux National Bank, One of of the Largest

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Mini-Case
Sergio Gonzales is employed by Bigbux National Bank, one of the largest banks in the Midwest. He is a loan officer, specializing in home equity loans. Tio Raul, Sergio's favorite (and wealthiest) uncle, passed away last month and left Sergio a sizable amount of money. Sergio is looking at the best way to invest his newly acquired wealth. He is considering many options, ranging from simply putting the money into a savings account to the possibility of starting his own business. Although his bank job pays well and offers pleasant working conditions, Sergio is frustrated because he has little freedom or flexibility to deal with customers since every decision he makes must be approved by his supervisor. Besides, he's a bit bored and looking for a challenge. He thinks he might get a lot of satisfaction from owning his own business. Sergio has not made a definite decision yet, but has talked to a lot of people searching for a good idea for a new business. If he can come up with an idea he likes, he might just quit his current job and use his inheritance to go into business for himself!
-As he explores his options for starting a new business, Sergio has looked into the tax implications and government regulations that he would encounter. He wants to maintain an office in a different location from his home. He has discovered that some nearby communities offer tax credits and lower taxes than his town. Sergio's decision will be influenced by the:

Definitions:

Bundle

A marketing strategy that involves offering several products or services together as a combined package, usually at a lower price than they would cost individually.

Final Price

The total amount charged for a product or service, including all taxes, fees, discounts, and additional charges, at the point of sale.

Cost, Volume, Profit

An analysis tool used in managerial accounting to determine how changes in costs and sales volume affect a company's profit.

Setting Step

The process of establishing a stage or level in a procedure or activity.