Exercise 1-1 Managerial vs. financial accounting 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 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... Primary Information Source