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 Decision 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

1.

Which dashboard in Business overview shows a quick representation of the financial health of your company? Select an answer: Profit and Loss, Expenses, and Bank Accounts Expense Overview and Balance Sheet Cash flow management

Financial Responsibilities: Describe the responsibilities of a financial analyst. Write five to seven bullet points outlining the responsibilities of a financial analyst. Write in complete sentences. Financial Management Decisions: Use an example to discuss the importance of analyzing and managing finances to help make business decisions. Consider the bullet points you outlined in the previous section. Then write a brief paragraph that answers the following questions. Use examples to support your claims. How do these responsibilities help inform management decisions? What would happen if management didn’t have this information? Accounting Principles: Explain how to use accounting principles to analyze a business’s financial health. Give examples to support your claims. Write a brief paragraph that explains how financial analysts use accounting principles to analyze a business’s financial health. In your paragraph, also answer the following questions: What accounting information…

Industry standards for financial statement onalysis: Multiple Choice Are used to compare a company's performance to industry performance. Are based on rules of thumb. Are set by the government. Compare a company's income with its prior year's income. Are based on a single competitor's financial performance.

Strategy The table below contains the names of six companies. Required: For each company, categorize its strategy as being focused on customer intimacy, operational excellence, or product leadership, if you wish to improve your understanding of each company’s customer value proposition before completing the exercise, review its most recent annual report. To obtain electronic access to this information, perform an Internet search on each company’s name followed by the words “annual report.”

Many accounting professionals work in one of the following three areas. A. Financial accounting B. Managerial accounting C. Tax accounting Identify the area of accounting that is most involved in each of the following  responsibilities.

What is the purpose of financial accounting? a) To provide information for internal decision making b) To record and report financial transactions c) To analyze market trends and forecasts d) To manage the company's budget

The owner-manager of Molena Restaurant describes the balanced scorecard measures used to assess performance by listing the performance measures (given in the below table): Required: Link the measures to the perspective number(s) of the balanced scorecard. Perspective 1. Financial 2. Customer 3. Learning and growth 4. Internal business processes Performance Measure Beverage and wine revenue Customer complaints Kitchen staff training Order errors Profit Reviews on social media Table turnover Wait-staff assessments Wine training for wait staff Perspective Number 1 2 3 4

Hh.: subject: account