Reference no: EM131905066

Question: What in the world does "Accounting Article - How A Tiny Brewery Run By Monks Came To Make The Best Beer In The World (By MELISSA STANGER)" about the Monks who make beer have to do with accounting?

Here is a second similar, yet slightly different article - Trappist Command: Thou Shalt Not Buy Too Much of Our Beer (By John W. Miller) about the monks to help you with this assignment.

Required: Why does this story about the Trappist Monks relate to accounting -- in what ways would they have to use accounting information to successfully complete their mission of "selling to live"?

1. LIST 5 OR MORE ways the monks could use accounting information to help them.

2. After each idea, describe how it would help them in their business and what information it would provide. Explain it as if you are speaking to the monks who do not understand accounting information at all. Thus, you will need to thoroughly describe your ideas.

Note: this assignment will be graded for the effort you put forth with your explanation. If I see "one or two-liners" for the responses, then the assignment will not receive credit because that is not enough explanation.

Hint: Some answers we have learned about already in class, some answers we have not learned about, and some answers are in assigned readings but we have not discussed it yet.