Exercise $14-1($Static$)$ Managerial vs$.$ financial accounting LO C$1$

Indicate whether each decision is most likely to be made using managerial accounting information or financial accounting information.

$\backslash$table$[[$Business Decision,Primary Information Source$],[1.$ Determine whether to lend to a company,$],[2.$ Evaluate a purchasing department's performance,$],[3.$ Report financial performance to shareholders,$],[4.$ Estimate product cost for a new line of shoes,$],[5.$ Plan the manufacturing budget for next quarter,$],[6.$ Measure profitability of an individual store,$],[7.$ Prepare financial reports according to GAAP,$],[8.$ Determine location and size for a new plant,$]]$