Free IMANET CMA-Strategic-Financial-Management Exam Questions

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Total 126 Questions | Updated On: Mar 20, 2026

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Question 1

Which one of the following situations describes a secondary offering of stock by a company?

A : company has an initial public offering of its stock and its investment bank needs to add mote shares to the initial public offering to meet excess demand by investors

B : ter the lockup period of the initial public offering ends, the company 3 founders sell some of their shares to the public

C : company repurchases shares of its stock in the open market, but it then later sells these shares in the open market

D : ter completing its initial public offering, the company sells more new shares of its stock

Answer: B

Question 2

Marsalls Products Inc. manufactures and sells two products CD-ROMs and DVD's. The latest forecast on me

products and their costs tor the coming year is shown in the following table.

Note 1: Fixed manufacturing cost of Si.500 000 per year is allocated to products based on the number of

machine hours required to produce the product at a rate of S3 per machine hour

The Manufacturing Team leader just informed the CEO that a fire occurred at one of the manufacturing lines

and that line would be unavailable for the next 12 months. The result is that mere will only be 400 000

machine Hours available The CEO requested the management team to revise the plan for the coming year

based on the new constraint. The Marketing Team leader stated that in order to minimize customer complaints

about the shortage, a minimum of 100,000 units of each product should be produced With the new information

from the Manufacturing and Marketing teams what is the optimal product mix for the coming 12 months''

Assume Marsalls can sell allot its production.

A : 100,000 CD-ROM's and 150,000 DVD'[s

B : 120.000 CD-ROM's 140,000 DVD.

C : 150.000 CD-ROMS and 125.000 DVD

D : 200,000 CD-ROm's a dn 100,000 DVD

Answer: D

Question 3

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?

A : $0.0

B : $0.20

C : $0.30

D : $0.35

Answer: B

Question 4

Custom Ceramics produces two hand-painted items a large bowl and a large platter. Relevant information for each of these items is shown below

A : company should produce only bowls because the contribution margin per bowl is higher.

B : company should produce only platters because the variable cost per platter is lower

C : company should produce only bowls because the sales price per Bowl is higher

D : company should produce only platters because the contribution margin per painting hour is higher

Answer: D

Question 5

The best discount rate to the use for evaluate of investment opportunities is the

A : portunity cost of capital

B : k-free interest rate

C : erage market interest rate

D : t of the company's debt

Answer: A

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Total 126 Questions | Updated On: Mar 20, 2026

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