IMA CMA Strategic Financial Management Übungsprüfungen
Zuletzt aktualisiert am 26.04.2025- Prüfungscode: CMA Strategic Financial Management
- Prüfungsname: CMA Part 2: Strategic Financial Management Exam
- Zertifizierungsanbieter: IMA
- Zuletzt aktualisiert am: 26.04.2025
A capital budgeting analysis involves an initial investment of $500. The expected cash inflow in Year 1 is $300, and the expected cash inflow in Year 2 is $350.
Which one of the following equations can get the correct internal rate of return (IRR) of this project?
- A . $500 = $300/(1 + IRR) + $350/(1 + IRR)
- B . $500 = $300/(1 + IRR) + $350/(1 + IRR)2
- C . -$500 = $300′(1 + IRR) + 5350/(1 + IRR)2
- D . $0 = $300/(1 + IRR) + $350/11 + IRR)2
if a company increases the price of its product from $3010 $35, demand would decrease from 30, 000 units to 20.000 units.
What is the price elasticity of demand for the company using the midpoint formula?
- A . 0.4
- B . 0.5
- C . 2.0
- D . 2.7
The production process of a company s main product yields a by-product Production costs or $700,000 are incurred during this process and $300,000 m additional costs are incurred to finalize the main product. The by-product can be sold for $200 000 without further processing A manager proposed the conversion of the by-product into another product that would cost $100,000 and generate revenue of $250,000.
When deciding on this proposal the company should
- A . select an approbate cost allocation method to allocate the $1 100 000 joint costs
- B . evaluate whether other nonfinancial factors outweigh the Si 50.000 in incremental income
- C . treat the $100,000 conversion cost as the marginal cost 1o produce the new product
- D . ignore the $200 000 sales revenue for the by-product because it Is irrelevant
Slam-Dunk Shoes has 5,000 pairs or damaged shoes in inventory. The cost of these shoes
was $51,000. in their present condition, the shoes may be sold at clearance prices for
$29,000 Slam-Dunk can have the shoes repaired at a cost of $77,000 after which they can
be sold for $100,000.
What is the opportunity cost of selling the shoes in their present damaged condition?
- A . $23.000
- B . $71.000
- C . $77, 000
- D . $100, 000
CORRECT TEXT
Determine whether me 300 fee is a facilitating payment
Essay
Online Learning Inc. lOLI) is a privately-held company based in the IUC that specializes in providing online courses in English as a Second Language (ESL). OLI is trying to set up a new sales office in a foreign country. It needs a business license to operate in that country. The license normally lakes six months to obtain. An official of that country said that he could expedite the process for a fee of 300.
OLI estimates the new sales office can bring 300,000 incremental profit annually OLI has just launched a new online 40-houi course to help adult ESL learners master basic business English. The price of the new course is 500 per student, the variable cost is 300 per student, and the total fixed cost of the new course is 300.000 per year OLI spent 200.000 to develop the new course before launching it. There are many online course providers in the marketplace, and each has its own feature However, OLI’s highly qualified staff and good reputation have enabled it to charge a premium price compared to its major
competitors. Recent market research indicates that if OLI raises the price of its new business English course by 10V the student enrollment would decrease by 5V A regional airlines company in Asia has approached OLI and offered to enroll 1.000 of its employees in the new course if OLI would agree to a special price of 350 per employee If OLI accepts this offer, an additional 10,000 onetime cost would be required to temporally expand its capacity to accommodate the new students.
Which one of the following statements regarding portfolio diversification is not correct?
- A . A well diversified portfolio can eliminate systematic risk.
- B . A well diversified portfolio can minimize unsystematic risk
- C . A well diversified portfolio should include individual stock investments having a balance of positive and negative betas.
- D . The standard deviation of a well diversified portfolio’s percentage returns should be approximately equal to the standard deviation of the entire stock market’s percentage returns.
CORRECT TEXT
Calculate AMI’s degree of operating leverage. Show your calculations.
Essay
Apex Manufacturing lnc. (AMI) is a Canada-based company that manufactures a manufactures and unique part for aircrafts. It has few competitors in the market. The company is exposed to exchange rate risk because about 90% of its products are exported to the U.S, and most of its sales contracts are in U.S. dollars. AMI has the capacity to manufacture 1,500 units of the part per year. For the year just ended. AMI manufactured and sold 1,000 units.
The operating results are shown below.
Recently, A new customer made a one-area order of 500 units of the part at $1.200 per unit. The CTO asked the controller to analyze this offer. AMI is considering adjusting its sales price next year in a recent meeting, the CFO suggested to use the market-based approach for pricing decisions, bat the controller insisted that the cost-based approach is more favorable to the company.
CORRECT TEXT
Assuming mere are no other imitations, should AMI accept the one-time order from a financial perspective? Explain your answer
Essay
Apex Manufacturing lnc. (AMI) is a Canada-based company that manufactures a manufactures and unique part for aircrafts. It has few competitors in the market. The company is exposed to exchange rate risk because about 90% of its products are exported to the U.S, and most of its sales contracts are in U.S. dollars. AMI has the capacity to manufacture 1,500 units of the part per year. For the year just ended. AMI manufactured and sold 1,000 units.
The operating results are shown below.
Recently, A new customer made a one-area order of 500 units of the part at $1.200 per unit. The CTO asked the controller to analyze this offer. AMI is considering adjusting its sales price next year in a recent meeting, the CFO suggested to use the market-based approach for pricing decisions, bat the controller insisted that the cost-based approach is more favorable to the company.
In an Enterprise Risk Management environment, which one of the following is the best example of risk sharing?
- A . Outsourcing business processes
- B . Self-insuring against loss
- C . Establishing operational limits
- D . Reallocating capital among operating units
Which one of the following would best ensure the effectiveness of an organization s code of conduct?
- A . Hold periodic employee workshops that illustrate expected behaviors in business situations in which ethical issues may arise
- B . Incorporate ethics training for all new employees as a standard part of the orientation process
- C . Distribute the document internally to staff and externally to suppliers and distributors to increase awareness of ethics considerations
- D . Require executives and managers to take individual responsibility for practicing ethical behavior