Indicate in the following chart the most likely source of information for each business decision. Use M for managerial accounting information and F for financial accounting information.

  

Business Decislon Primary Information Source 1. Determine whether to lend to a company... 2. Evaluate a purchasing department's performance.. 3. Report financial performance to board of directors . 4. Estimate product cost for a new line of shoes 5. Plan the 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.