Marcus Lemonis is a successful businessman and as a result is now a multi-millionaire. He now stars in the reality show The Profit. Although this is a reality show, and undoubtedly the content is managed in a way to create an interesting TV show, it does present real life business situations. He specializes in going into businesses which are experiencing problems, normally buying a share of the business, and under his management, turning the business around. He has invested millions of dollars in such a way in many businesses. His philosophy is that a profitable business depends upon success in three areas: people, product and process. REQUIRED: Watch and review season 6 episode 3 which aired on December 18, 2018 titled Santa's Toys and describe how he used concepts and principles contained in your textbook to turn the business around. If he eventually decided not to invest in that business, provide the same details of his analysis and recommendations for the business. In your paper you must address the following Advanced Accounting concepts and principles. Managerial Accounting and Cost Concepts Job Order Costing: Calculating Unit Product Costs Job-Order Costing: Cost Flows and External Reporting Process Costing Cost-Volume-Profit Relationships Variable Costing and Segment Reporting Activity Based Costing Master Budgeting Flexible Budgets and Performance Analysis Standard Costs and Variances PAPER SIZE: Double-spaced typewritten pages. Do not include an abstract. Use Times New Roman 12 font and 1 inch margins. Rubric Identification of Problem Student understands the issues/ problems. Student discussed data/facts from relevant stakeholders. (minimum of 3). Analysis