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: Carefully review “Bowery Kitchen Supplies” and describe how he used concepts of managerial accounting. If he
eventually decided not to invest in a business, provide the same details of his analysis and recommendations for that business.