Your friend, Mike, has just purchased a business. Because Mike knows that you have just received your Associate's Degree in Accounting at Kaplan University, he has asked for your help in evaluating the firm. Mike is not asking you to make a decision for him; he just wants you to help provide him with facts as you see them.

Your task is to analyze the business and report your findings to Mike. Be sure to tell Mike everything that you can think of that will aid him once he takes over ownership from the seller. Tell him what he will need to deal with in terms of setting up his new business, and the challenges that he will face. Remember, this is your good friend, and you want him to succeed in this new venture.

You will present Mike with a report with the following structure. Remember, the Final Project is required to have the following structure:

Coversheet
Executive Summary
Regulations
Management
Finance and Accounting
Financial Statements
Problem Solving

Title of Subsection: Name of the business area (Regulations, Management, Finance and Accounting, etc.)

Summary: Provide a detailed summary of what you observed in this particular area of the business.

Describe any strengths and weaknesses.