Hi Tutors,

May i know your insights about these questions below related to my Managerial Accounting Subject Assignment.

Thank you.

1. Many annual reports include a Historical Summary section, which shows key financial data for the past five to ten years. Why would information that is five to ten years old be presented in an annual report?
2. A diversified food company is considering the closing of its condiment division. What qualitative factors should be considered before discontinuing a division or product line?
3. An automobile manufacturer has decided to allow outside suppliers to bid on all parts necessary to make its vehicles. What qualitative factors should be considered by management in deciding whether or not to turn over the production of a part to an outside supplier?
4. What are the qualitative factors you might consider when determining whether or not to replace your car?