PAPER: ACCT. 525 SUMMER I 2016

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 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: Choose any episode of the show which screened between October 2, 2015 and February 2, 2016 and describe how he used concepts and principles contained in Managerial Accounting (Hilton & Platt) to turn the business around. If he eventually decided not to invest, provide the same details of his analysis and recommendations for the business. You CANNOT use the Standard Burger episode because it is a follow up episode.

DUE: Submit your paper in a word document.

PAPER SIZE: 2 double-spaced typewritten pages, with title page and sources page (extra). Do not include an abstract. Use 12 font and 1 inch margins.