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

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 = 0.6392QUESTION 1 Financial analysis is: if a. The process of evaluating financial information 3. other information for decision-making 7\" b. An informal process used only by undergraduate business students 75 c. Used only for calculating nancial ratios 5; d. Used in finance but not in accounting QUESTION 2 The six-step process for systematic financial analysis does not include: \"i\"? a. Financial analysis techniques \"f\" b. Corporate overview 'f\" c. Sampling analysis f\"- d. Detailed accounting analysis QUESTION 3 Using the six-step process, the corporate overview step includes: \"f\" a. Industry analysis and business strategy \"T'- b. Calculating all nancial ratios \"f\" c. Model building and financial ratios "f d. Earnings forecasting and footnote review