Free IMANET CMA-Strategic-Financial-Management Exam Questions

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Total 126 Questions | Updated On: Aug 24, 2022

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Question 1

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 2

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

Question 3

Southwest Supplies Inc. (SSI) is considering the following two projects with cash-flows discounted at SSI's weighted average cost of capital.

CMA-Strategic-Financial-Management-page49-image10

SSI can only afford to invest in one of the projects. Which statement would most likely explain why SSI would choose Project B over project A?

A : oject B results in a higher cumulative accounting income

B : oject B generates significantly more non-cash expenses

C : oject B cash-flows are relatively more certain

D : oject B cash-flows are to be received sooner

Answer: D

Question 4

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

Answer: A

Question 5

Below is the income statement and balance sheet for a retail corporation.

CMA-Strategic-Financial-Management-page49-image5

What is the corporation’s return on equity in Year 2?

A : 23%

B : 26%

C : 39%

D : 48%

Answer: D

Page: 1 / 26

Total 126 Questions | Updated On: Aug 24, 2022

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