Introduction to Financial Accounting and Business - Discussion (200 Word Min)
Topic: Business Strategy
Before starting the discussion, please review the Discussion Board Checklist.
Watch the case study of Mack and his friend Peter. https://extmedia.kaplan.edu/business/AC499/U1/Discussion/player.html to watch their business scenario.
After you watch the case study, please answer the following questions:
• How should the business financing be recorded on the books of the company?
• How should the company record the assets of the company?
• How would a business plan have helped this company to succeed?
• What are the main factors that contributed to the failure of this company in your opinion?
To view Mack and Peter's transcript, https://extmedia.kaplan.edu/business/AC499/U1/Discussion/Script.pdf