VIL Three episodes of the TV reality series, "The Profit" were assigned for students to view. The idea was to expose students to real-life business problems involved with the manufacturing business. There are six short answer questions below that are intended to ascertain your analysis of the businesses that were featured, and identify cost accounting and related business issues You must answer five of the six questions below ( 5 points, 1 point each). Mr. Corey's Cookies 1. What was the main source of revenue for Mr. Corey's company? 2. What was the obstacle that the host, Marcus Lemonis, found to be the initial hurdle in getting Mr. Corey's cookies into supermarkets? Grafton Furniture: 1. Grafton Furniture is a family-owned manufacturing company. According to the host, Marcus Lemonis, the most important elements of profitability are time (direct labor) and (direct) materials. In this regard, what document did he show to be the most important document for the company? 2. Many believe that family-owned businesses are always successful. However, not every generation can insure the success of the next. According to the host, Marcus Lemonis, what is the probability of failure from the second generation to the third generation? Marijuana Millions 1. This episode of "The Profit" was as much an expose on the development of the marijuana industry, as it was an insight into the various types of companies that are involved. Name at least two types of companies, other than those that "grow" marijuana that have thrived in California. 2. In this episode, two young women set out to build their own company. Cindy Pinzon and Liani Posad claim to have invested only $15,000 into their company. What was their brand or product? And how much did Marcus Lemonis claim should their potential revenue goal to the nearest millions of dollars)? VIL Three episodes of the TV reality series, "The Profit" were assigned for students to view. The idea was to expose students to real-life business problems involved with the manufacturing business. There are six short answer questions below that are intended to ascertain your analysis of the businesses that were featured, and identify cost accounting and related business issues You must answer five of the six questions below ( 5 points, 1 point each). Mr. Corey's Cookies 1. What was the main source of revenue for Mr. Corey's company? 2. What was the obstacle that the host, Marcus Lemonis, found to be the initial hurdle in getting Mr. Corey's cookies into supermarkets? Grafton Furniture: 1. Grafton Furniture is a family-owned manufacturing company. According to the host, Marcus Lemonis, the most important elements of profitability are time (direct labor) and (direct) materials. In this regard, what document did he show to be the most important document for the company? 2. Many believe that family-owned businesses are always successful. However, not every generation can insure the success of the next. According to the host, Marcus Lemonis, what is the probability of failure from the second generation to the third generation? Marijuana Millions 1. This episode of "The Profit" was as much an expose on the development of the marijuana industry, as it was an insight into the various types of companies that are involved. Name at least two types of companies, other than those that "grow" marijuana that have thrived in California. 2. In this episode, two young women set out to build their own company. Cindy Pinzon and Liani Posad claim to have invested only $15,000 into their company. What was their brand or product? And how much did Marcus Lemonis claim should their potential revenue goal to the nearest millions of dollars)
