Indicate whether the following statements are true or false. 1. managerial accountants explain and report manufacturing and nonmanufacturing costs, determine cost behaviors, and perform cost-volume-profit analysis, but are not involved in the budget process. 2. financial accounting reports pertain to subunits of the business and are very detailed. 3. managerial accounting reports must follow gaap and are audited by cpas. 4. managers’ activities and responsibilities can be classified into three broad functions: planning, directing, and controlling. 5. as a result of the sarbanes-oxley act (sox), top managers must certify that the company maintains an adequate system of internal control. 6. management accountants follow a code of ethics developed by the institute of management accountants.

Afirm wants to hire a project manager (pm) at a salary of $100,000. 30% of pms have high ability, and 70% of pms have low ability. high ability pms generate $120,000 in revenue and low ability pms generate $80,000 in revenue. in addition to differences in productivity, high and low ability pms have different outside offers. if a high ability pm is not hired by the firm, she can work for another company at a salary of $80,000. if the low ability pm is not hired by the firm, she can work for another company for $70,000. high ability pms are also able to get a project management professional (pmp) certification at a cost of $1,000. low ability pms are unable to get a pmp certification (they would fail the test). the firm is not able to observe a pm’s ability, but is able to observe and verify whether or not the pm has a pmp certificate.(a) draw the extensive form of the game.expert answer