1. Describe the characteristics of managerial accounting and financial accounting I 2. What are nonfinancial measures of performance? Provide several examples. 3. Which accountant (financial or managerial) would prepare each of the following reports: a. Income statement for the Gatorade division of PepsiCo b. Balance sheet for Walmart prepared in accordance with U.S. GAAP c. The American Red Cross budgeted income statement for next quarter d. Defect rate of computer chips produced by Advanced Micro Devices e. Statement of cash flows for Apple prepared in accordance with U.S. GAAP 4. Describe the planning and control functions performed by most managers IAL