Exercise 1-1 (Algo) Managerial vs. financial accounting LO C1 Indicate whether each decision is most likely to be made using managerial accounting information or financial accounting information. Business Decision 1. Determine whether to expand into a new market 2. Determine whether to buy a company's stock 3. Prepare manufacturing budgets for the next year 4. Determine whether to lend to a company 5. Prepare GAAP-based financial statements for creditors 6. Estimate profits from a new service opportunity 7. Evaluate a purchasing department's performance 8. Estimate product cost for a new line of shoes Primary Information Source