Complete Problem # 8 in Chapter 1 that explores the differences between financial and managerial accounting, and users; and, complete Problem # 9 in Chapter 1 that covers relevant factors associated with decision making.

manuia ower, as the problems are with only one particular brand of mower? C. Identify the stakeholders who are affected by the issue, and discuss ethical considerations faced by company officials in this situation. PROBLEMS 8. Financial vs. Managerial Accounting LOz Imagine that you are home during a break from school and are talking to a friend about classes. You tell your friend, who is not a college student, that you are taking managerial accounting this term. Your friend says that she remembers that you took accounting last term and wonders why you have to take another accounting course. You look a little perplexed and decide to give that question some thought. Required As you think about your friend's question, you decide to answer the following questions: A. What are the differences between financial and managerial accounting? (Explain concisely.) B. Why do the two types of accounting exist? C. Who are the users of financial accounting information? Who are the users of managerial accounting information?9. Decision Making and Relevant Factors LO3 You have an opportunity to choose a flight for your upcoming spring break trip to Mexico. After a lot of thought and research, you have narrowed your op- tions to four different flights. If there are no delays, each should get you to your destination on time. (It is important to arrive on time, as you have to meet a bus at a particular time to take you and other stu- dents to your final destination.) If any of the flights are late, arranging for alternative transportation will be difficult. Basic information about each flight is presented in the following table: Flight 1 Flight 2 Flight 3 Flight 4 Base Price $300 $400 $500 $600 Flight Time and 12 hours/3 6 hours/2 5 hours/1 3 hours/ Connections direct flight First-Class $250 $200 $300 Upgrade available Meals (Airport $30 $15 $10 Included in and Plane) airfare Wireless Not $20 $25 Included in Internet Access available airfare Beverages $10 $10 $10 Included in airfare Total Price $340 $695 $745 $900 (all options) Required What are the relevant factors affecting your choice of flight? 10. Decision Making and Ethics LO3, 4 Ken Martin is an engineer with a multinational that is