Free IMANET CMA Exam Questions

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Total 1336 Questions | Updated On: Aug 21, 2019

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Question 1

A company obtained a short-term bank loan of $500,000 at an annual interest rate of 8%. As a

condition of the loan, the company is required to maintain a compensating balance of $100,000 in its

checking account. The checking account earns interest at an annual rate of 3%. Ordinarily, the

company maintains a balance of $50,000 in its account for transaction purposes. What is the

effective interest rate of the loan?

A : 7.77%

B : 8.22%

C : 9.25%

D : 8.56%

Answer: D

Question 2

The Summers Company manufactures a vanity of industrial valves. Current’, the company is

operating at about 70?pacity and is earning a satisfactory return on investment. Management has

been approached by Glasgow Industries Ltd. of Scotland with an offer to buy 120.000 units of a

pressure valve. Glascow manufactures a valve that is almost identical to Summers’ pressure valve;

however, a fire in Glascow Industries’ valve plant has shut down its manufacturing operations.

Glascow needs the 120,000 valves over the next 4 months to meet commitments to its regular

customers; the company is prepared to pay $19 each for the valves. FOB shipping point. Summers’

product cost, based on current attainable standards. for the pressure valve is

Manufacturing overhead is applied to production at the rate of $18 per standard direct labor hour

This overhead rate is made up of the following components How many additional direct Labor hours

would be required each month to fill the Glascow order?

A : 10,000

B : 15,000

C : 30,000

D : 120,000

Answer: B

Question 3

Which strategy for a global marketing organization is based on a portfolio of national markets?

A : eation of a division o manage international marketing

B : multinational strategy

C : glocal strategy

D : eation of an export department

Answer: A

Question 4

Calamity Cauliflower Corporation is considering undertaking a capital project. The company would

have to commit $24,000 of working capital in addition to an immediate outlay of $160,000 for new

equipment. The project is expected to generate $100.000 of annual income for 10 years. At the end

of that time, the new equipment, which will be depreciated on a straight-line basis, is expected to

A : $100,000

B : $65,200

C : $60,000

D : $54,800

Answer: B

Question 5

Which of the five promotional tools of the marketing communications mix involves lobbying, sponsorship, community outreach, and gifts to charity?

A : rect marketing.

B : rsonal selling.

C : les promotions.

D : blic relations.

Answer: D

Page: 1 / 268

Total 1336 Questions | Updated On: Aug 21, 2019

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