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

2.) (20 points total) Suppose there are two consumers with different utility functions but the same initial endowments. Consumer 1: u1 (91, 92) = 9192 Consumer 2: u2 (q1, 92) = 9192 Initial endowment for consumer 1 = (10,10) = initial endowment for consumer 2 a. (10 points) Given this information, draw the Edgeworth box with correct height and length, draw the initial endowment point E, and accurate IC curves for both consumers that go through the initial endowment. Label everything! b. (5 points) Is the initial endowment Pareto efficient? Why or why not? Show your work. C. (5 points) What prices p, and p2 would result in a competitive equilibrium at the initial endowment?2.) (20 points total) Suppose there are two consumers with different utility functions but the same initial endowments. Consumer 1: u1 (91, 92) = 4192 Consumer 2: u2 (q1, 92) = q197 Initial endowment for consumer 1 = (10,10) = initial endowment for consumer 2 a. (10 points) Given this information, draw the Edgeworth box with correct height and length, draw the initial endowment point E, and accurate IC curves for both consumers that go through the initial endowment. Label everything! b. (5 points) Is the initial endowment Pareto efficient? Why or why not? Show your work. C. (5 points) What prices p, and p2 would result in a competitive equilibrium at the initial endowment?a. mean = Zilli = 14.8 $ b. sorted data : 6.7, 7.2, 7.2, 7.6, 10.1, 16.1, 16.4, 17.2, 22.9, 36.6 median = 0.5 * (5th obs + 6th obs) = 13.1$ c. mode = 7.2$ d. Q1 = obsun. s.t. 25% of the data is less or equal to it = 7.2 23 = obsun s.t. 75% of the data is less or equal to it = 17.2 e. Total endowment = 14.8 * 10 = 148 billion $ % of total = (148/413) * 100 = 35.835% f. Actual amount post decline = (1 - 0.23) * 148 = 113.96$ a possible step will be to urge alumni to donate to the universities range = mar - min = 36.6 - 6.7 = 29.9 Eiri - 1)2 IQR = Q3 - Q1 = 10, var = - 89.55 n - 1 sd = vvar =9.46, coeff. of var = sd/ mean = 0.6392