Chapter 1, Problem 1E

Exercise 14-1 Sources of accounting information C1

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

Business Decision	Primary information Source
Determine whether to lend to a company……………………
Evaluate a purchasing department’s performance……………..
Report financial performance to board of directors………………..
Estimate product cost for a new line of shoes………………….
Plan the budget for next quarter…………….
Measure profitability of an individual store…………………
Prepare financial reports according to GAAP…………………
Determine location and size for a new plant…………………….