I need help answering questions 1 and 2.

COMPREHENSIVE EXERCISE: BAER BELLY BIKINIS PURCHASES OF FABRIC As outlined in Chapter 5, Baer Belly Bikinis Inc. (BBB) is a small business located in Santa Monica, California. It sells swimwear and related products to specialty stores throughout the United States. It also sells its products to individuals over a company website. Paige Baer founded BBB almost 10 years ago after she graduated from the Fashion Institute of Design and Merchandising. She recognized the need for swimsuits sold as separates. Her usiness has grown rapidly, and now BBB has a large following of customers who want to be able to mix and match to find their ideal swimsuit. Currently, BBB products are carried in more than 1,000 specialty swimwear boutiques and online retailers. uring an initial interview with Paige Baer, she outlined BBB's business processes. acknowledged that she doesn't know much about accounting and information tec As the business ounting and information technol- added piecemeal. So, she is looking forward to an assessment of her requirements and recom grew, her accounting suffered and information systems were mendations that would position BBB for substantial further growth. This case examines BBB purchases of fabric. BBB's production staff selects the fabric and materials for the swimsuits. This case also examines BBB purchases of and miscel lancous supplies and services. BBB Purchases of Fabric BBB works closely with local fabric vendors to determine the color themes for each sea son's products. When BBB has received enough orders from the retailer customers to estimate the quantity of swimsuits and products to manufacture, BBB then orders the required quantities of fabric and related materials from the fabric vendors. BBB pays each fabric vendor at the end of the month for all purchases during the month. For each fabric order, there is one receipt. For each receipt of fabric, there is one order. Consequently, the order and purchases (receipts) can be modeled as one event. Assessing fabile purchase requirements. 161