Free IMANET CMA Exam Questions

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Total 1336 Questions | Updated On: Mar 20, 2026

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Question 1

Fitzgerald Company is planning to acquire a $250,000 machine that will provide increased

efficiencies, thereby reducing annual operating costs by $80,000. The machine will be depreciated by

the straight-line method over a 5-year life with no salvage value at the end of 5 years. Assuming a

40% income tax rate, the machine’s payback period is

A : 3l3years.

B : 8.33 years.

C : 3.68 years.

D : 5.21 years.

Answer: C

Question 2

A manufacturing company is attempting to implement a just-in-time(JIT)purchase policy system by

negotiating with its primary suppliers to accept long-term purchase orders which result in more

frequent deliveries of smaller quantiteies of raw materials.if the JIT purchase policy is successful in

reducing the total inventory costs of the manufacturing company,which of the following

combinations of cost changes would be most likely to occur?

Cost category Cost category

To increase to decrease

A : rchasing costs Stockout costs

B : rchasing costs Quality costs

C : ality costs Ordering costs

D : Stockout costs Carrying costs

Answer: C

Question 3

Assume that the interest rate is greater than zero. Which of the following cash-inflow streams should

you prefer?

A :

B :

Answer: A

Question 4

When a company offers credit terms of 2/101 net 301 the annual interest cost1 based on a 360- dayyear, is

A : 24.0%.

B : 35.3%.

C : 36.7%.

Answer: C

Question 5

Under throughput costing, the only cost considered to be truly variable in the short run is

A : rect materials.

B : rect Labor

C : nufacturing overhead.

D : l manufacturing costs are considered variable.

Answer: A

Page: 1 / 268

Total 1336 Questions | Updated On: Mar 20, 2026

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