Question: Topic 1: Using at least one reliable source to back up your opinion, why do you think it is important to identify various types of

Topic 1: Using at least one reliable source to back up your opinion, why do you think it is important to identify various types of costs as fixed, variable, product, general selling, etc.? Use an example, based on the legal field, as part of your explanation. Do not forget APA format on your sources, in-text citations.

Topic 2: Ace Inc has just completed its year-end financial statements and as the manager you are looking for ways to improve operations. The accountant has handed you both a vertical and horizontal analysis of the balance sheet and income statement. What would you look at on these reports as a way to improve operations and why? Would you ask the accountant for additional reports? If so, which reports, if not, why not?

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