For each of the following activities, indicate whether it is more likely to be performed by the controller or by the treasurer. Explain each answer.
1. Prepare divisional financial statements.
2. Help managers prepare budgets.
3. Advise which alternative action is least costly.
4. Meet with financial analysts from Wall Street.
5. Arrange short-term financing.
6. Prepare tax returns.
7. Arrange insurance coverage.
8. Prepare credit checks on customers.