Financial versus managerial accounting: An article in the April 12, 2004 edition of Business Week, "The Costco Way - Higher Wages Mean Higher Profits," compared Costco Wholesale Corporation data with Wal-Mart's Sam's Club data. The tables below present some of the data used to support this claim.

How Costco Spends More on Employees

		Costco	Sam's Club
	Average hourly wage rate	$15,97	$11.53
	Employees covered by a health-care plan	82%	47%
	Average annual health-care costs per employee	$5,735	$3,500
	Employees covered by a retirement p1an	91%	64%
	Average annual retirement costs per employee	$1,330	$747
Benefits to Costco from Spending More on Employees
		Costco	Sam's Club
Annual employee turnover		6%	21%
Labor and overhead cost as a percent of sales		9.8%	17%
Annual sa1es per square foot		$795	$516
Annual profit per employee		$13,647	$11,039

Required:

1. Is the information in the tables above best described as primarily financial accounting data or managerial accounting data in nature? Why or why not, please explain in detail.

2. Provide additional examples of managerial and financial accounting information that could apply to Costco.

3. Explain why a manager of an individual Costco store needs different kinds of information than someone who is considering lending the company money or investing in its common stock.