Watch the case study of Mack and his friend Peter. http://extmedia.kaplan.edu/business/AC499/U1/Disc

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Watch the case study of Mack and his friend Peter. http://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?

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