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	Primary Information Source
1. Determine whether to lend to a company	_______
2. Evaluate a purchasing departments 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	_______
Table Summary: In the table, the second column contains blank lines for inserting answers.