This chapter described the purpose of managerial accounting in the context of the current business environment. Review the home electronics section of your local newspaper; the Sunday paper is often best. Review advertisements of home electronics and identify the manufacturers that offer these products and the factors on which they compete Required Discuss the potential contributions and responsibilities of the managerial accounting professional in helping a home electronics manufacturer succeed. [Hint: Think about information and estimates that a managerial accountant might provide new entrants into the home electronics market.)