QUESTION 2 Mr. Kwon plans to commence a delivery and courier business named KNT Enterprise. He chooses this type of business after considering the current situation with the increase in online business. He planned to open the business at Puncak Angkasa because the place has strategic location with the population over 100,000 people. He targets that 10% of the population will use his service. As to start the business, he wants to identify the resources that he needs to acquire in order to run the business properly. Therefore, he appoints you as a consultant to help him with the planning Required: a. Identify specifically the possible non-current assets and current assets that relevant with the type of business, (5 marks) If Mr. Kwon only willing to contribute RM 10,000 cash in the business, where else he can get the fund to acquire all the asset for the business. Give suggestion. (2 marks) b. c. What are the possible expenses and revenue that Mr. Kwon will inc ur every month? Your answer must be relevant with the business nature. (4 marks) d. e. State specifically possible operating activities of KNT Enterprise. (4 marks) Mr. Kwon wondering whether it is necessary to separate his personal and business account. By referring to economic entity principle, explain to Mr. Kwon the advantages of separating personal and business account