Each of the following items of information may be obtained from a company’s accounting records:
• Net income
• Inventory cost per unit
• Total liabilities
• Total sales by geographical area of business operations
• Five-year trend in total sales
• Employee salaries by department
Required:
(a) Indicate a specific type of decision maker who would have a primary interest in each information item. The decision maker may be either an external or internal party.
(b) Briefly explains why the decision maker identified in part (a) would have a need for he given item of information.