Free IMANET CMA-Strategic-Financial-Management Exam Questions

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Total 126 Questions | Updated On: Aug 18, 2026

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Question 1

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 2

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 3

A management accountant overheard the company's procurement manager discussing a kickback payment for one of the company s recent projects. The procurement manager promised to pay a share to the other person II the arrangement was kept confidential According to the IMA Statement of Ethical Professional Practice which one of the following is the most appropriate action for the management accountant to take?

A : ke no action since the incident is not related to the accounting department

B : port the information directly to a nigh-level company executive since it is a serious matter

C : ll the company's ethics helpline and report the matter anonymously

D : cuss the incident with his or her own attorney and consider disassociating from the company

Answer: B

Question 4

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

Question 5

IF a company does not have a code of conduct, the company most likely

A : missing important guidance on ethical decision making

B : ll lack an expressed statement of values regarding ethical behavior

C : n use its statement of values instead to implement ethics in daily decision making

D : t find another way to express its ethical principles

Answer: A

Page: 1 / 26

Total 126 Questions | Updated On: Aug 18, 2026

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