The First Two Requirements of a Sound Business Model Are

question 76

Multiple Choice

The first two requirements of a sound business model are:

• A)generate revenues,make profits
• B)make profits,produce free cash flows
• C)produce free cash flows for creditors and owners of the venture
• Generate revenues and produce free cash flows

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Definitions:

Modified AGI

Modified Adjusted Gross Income (Modified AGI) is a measure used by the IRS to determine eligibility for certain deductions and credits, adjusted from AGI for specific items like IRA contributions and student loan interest.

Married Filing Jointly

A filing status for married couples that allows them to file a single tax return jointly, potentially leading to tax benefits.

Other Income

Earnings or receipts from sources other than a taxpayer's primary occupation, including but not limited to interest, dividends, and rental income.

Form 1040

The official form provided by the Internal Revenue Service (IRS) which is utilized by individuals to submit their yearly income tax returns.