4. IOC 14-1 Sources of accounting information LO C1 Save & Ext Suba Both managerial accounting and financial accounting provide useful information to decision makers. Indicate in the following table the primary source of information for each business decision. Business Decision Primary Information Source Managerial 1. Determine location and size for a new plant 2. Determine whether to buy another compagy's stock 3. Determine whether to expand into a new market Evaluate a purchasing department's performance 5. Prepare budgets for the next year 6. Estimate profits from a new service opportunity 7. Prepare GAAP-based financial statements for external auditor Managerial 8. Estimate product cost for a new line of shoes