Free IMANET CMA-Strategic-Financial-Management Exam Questions
Absolute Free CMA-Strategic-Financial-Management Exam Practice for Comprehensive Preparation
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IMANET CMA-Strategic-Financial-Management Exam Questions
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Provided By: IMANET
- Exam: CMA Part 2 Strategic Financial Management
- Certification: CMA
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Total Questions: 126
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Updated On: Apr 07, 2025
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Rated: 4.9 |
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Online Users: 252
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Question 1
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IF a company does not have a code of conduct, the company most likely
Answer: A
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IF a company does not have a code of conduct, the company most likely
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Question 2
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Plenary Inc specializes in overnight package delivery. Total packages delivered last year were 10 000.000. and
this quantity is expected to remain unchanged in the coming year. Unit contribution margin is $4,50 and total
fixed costs are S40.000,000. The firm's 300 delivery truck drivers are seeking a S10 000 raise in annual salary
In addition to a current base salary of $45 000 per year, the drivers receive a commission of $0 50 per package
delivered If the firm grants the $10,000 salary increase to each driver and seeks to maintain the same level of
pre-tax operating profit what is the maximum amount of commission the firm can pay its drivers per package
delivered?
Answer: B
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Plenary Inc specializes in overnight package delivery. Total packages delivered last year were 10 000.000. and
this quantity is expected to remain unchanged in the coming year. Unit contribution margin is $4,50 and total
fixed costs are S40.000,000. The firm's 300 delivery truck drivers are seeking a S10 000 raise in annual salary
In addition to a current base salary of $45 000 per year, the drivers receive a commission of $0 50 per package
delivered If the firm grants the $10,000 salary increase to each driver and seeks to maintain the same level of
pre-tax operating profit what is the maximum amount of commission the firm can pay its drivers per package
delivered?
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Question 3
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Harris Wholesale Grocery Company has gross sales per year of $7 million and grants credit terms to its
customers of 2/5. net 15 As a result. 60% of customers pay on the discount date 20% pay on the net due date, and 20% pay on average 10 days after the due date Assuming that sales are uniform throughout the year and
using a 360-day year In the calculation what is the approximate annual amount of discount that Hams
customers are allowed to take?
Answer: C
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Harris Wholesale Grocery Company has gross sales per year of $7 million and grants credit terms to its
customers of 2/5. net 15 As a result. 60% of customers pay on the discount date 20% pay on the net due date, and 20% pay on average 10 days after the due date Assuming that sales are uniform throughout the year and
using a 360-day year In the calculation what is the approximate annual amount of discount that Hams
customers are allowed to take?
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Question 4
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Alliantz Company, a USA-based manufacturer needs to set up a hedge to protect against dollar exchange rate
devaluation. The protection is necessary (or an open balance of $2 478.450 Payment is to be settled in a rare
currency 40 days from today excluding transaction fees which investment instrument would be used to provide
the best hedge?
Answer: C
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Alliantz Company, a USA-based manufacturer needs to set up a hedge to protect against dollar exchange rate
devaluation. The protection is necessary (or an open balance of $2 478.450 Payment is to be settled in a rare
currency 40 days from today excluding transaction fees which investment instrument would be used to provide
the best hedge?
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Question 5
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Studler’s Restaurant is considering a contract to supply the weal senior citizen center with 10,000 meals.
Regular sales at regular prices would be unaffected. The food cost for each meal s S3 Additional costs incurred
as a result of the contract would De variable overhead of S 50 and variable selling general and administrative
costs of S SO per meal sold. The selling price per meal would be $5, A total of $20,000 in fixed costs would
be allocated at $2 per meal. The fixed costs are part of an overall total of $500,000 in annual fixed costs
incurred regardless of the contract. What will be the effect on pretax income if Studiers takes the special
order?
Answer: A
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Studler’s Restaurant is considering a contract to supply the weal senior citizen center with 10,000 meals.
Regular sales at regular prices would be unaffected. The food cost for each meal s S3 Additional costs incurred
as a result of the contract would De variable overhead of S 50 and variable selling general and administrative
costs of S SO per meal sold. The selling price per meal would be $5, A total of $20,000 in fixed costs would
be allocated at $2 per meal. The fixed costs are part of an overall total of $500,000 in annual fixed costs
incurred regardless of the contract. What will be the effect on pretax income if Studiers takes the special
order?