Indicate whether each phrase is more descriptive of financial accounting or managerial accounting.

(a) May be subjective

Financial accounting

Managerial accounting

(b) Often used to obtain financing

Financial accounting

Managerial accounting

(c) Typically prepared quarterly or annually

Financial accounting

Managerial accounting

(d) May measure time or customer satisfaction

Financial accounting

Managerial accounting

(e) Future oriented

Financial accounting

Managerial accounting

(f) Has a greater emphasis on cost-benefit analysis

Financial accounting

Managerial accounting

(g) Keeps records of assets and liabilities

Financial accounting

Managerial accounting

(h) Highly aggregated statements

Financial accounting

Managerial accounting

(i) Must conform to external standards

Financial accounting

Managerial accounting

(j) Special-purpose reports

Financial accounting

Managerial accounting

(k) Decision-making tool

Financial accounting

Managerial accounting

(l) Income statement, balance sheet, and statement of cash flows

Financial accounting

Managerial accounting

3. Given the survival function: S(t) = exp(-t?) derive the probability density function and the hazard function. 4. Derive X(t) = f(t) S(t) using the definition of the hazard function and basic definition of conditional probability. 5. Derive S(t) = e-A(t) using the definition of the hazard function. 6. Given the hazard function: adta-1 A (t ) = 1 + Ata' derive the survival function and the probability density function. 7. Prove that if T has an arbitrary continuous distribution, the cumulative hazard of T, A(T), has an exponential distribution with unit parameter.The density f (a ) = e (I-A)2/202 correspond to a V2TO X O exponential random variable O geometric random variable O standard normal random variable O Binomial random variable O uniform continuous random variable O Bernoulli random variable O normal random variableQuestion 27 1 pts Which one of the following statements is correct: Unbiased estimators are always asymptotically unbiased Asymptotically unbiased estimators are always unbiased O Asymptotically unbiased estimators are always consistent Unbiased estimators are always consistent