[2022年04月] 検証済みCIMA P2リアル豪華お試しセット試験問題集でPDF
P2問題集PDF最新 [2022年最新] 究極の学習ガイド
CIMA P2 認定試験の出題範囲：
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質問 52
The following data are available for four projects with unequal lives.
A 10% discount rate is appropriate for all four projects.
Which project has the highest equivalent annual benefit?
- A. Project B
- B. Project C
- C. Project A
- D. Project D
正解: A
質問 53
The following cash flows are forecast for a potential investment project.
The cost of capital for the project is 12% per year and the company uses a straight line depreciation policy.
What is the modified internal rate of return (MIRR) of the project?
Give your answer to the nearest whole percentage.
正解:
解説:
19 %
質問 54
A company comprises several divisions.
One of these divisions was originally expected to earn an operating profit next year of $800,000 on net assets of $4 million.
However, the divisional manager is considering investing in a project that would generate a project return on investment (ROI) of 38% on additional net assets of $500,000.
What would be the divisional ROI next year if the project was implemented?
Give your answer to the nearest percentage.
正解:
解説:
22 %
質問 55
The cash flows from a project are detailed in the table below.
To the nearest 1%, what is the project's internal rate of return?
- A. 115%
- B. 8%
- C. 46%
- D. 15%
正解: B
質問 56
A company is considering investing $150,000 in a project which will generate the following contributions during the first three years.
Tax depreciation allowance is 25% each year of the reducing balance.
The taxation rate is 30% of taxable profits and tax is payable in the year after that in which it arises.
To the nearest $10, what is the forecast total project cash flow in year 3?
- A. $71,430
- B. $85,650
- C. $82,840
- D. $74,400
正解: C
質問 57
A company currently absorbs production overheads based on labor hours. The overheads absorbed by the two products that are made, L and M, are $4 per unit and $10 per unit respectively. These were based on the budgeted overheads of $7,000 and budgeted labor hours of 1,750. The budgeted output was 500 units of each product.
The company is investigating the use of activity based costing (ABC). Analysis has shown that the total production overheads of $7,000 are made up of $4,000 for set up costs and $3,000 for inspection costs.
The cost driver for set up costs is the number of set ups and for inspection costs it is the number of inspections.
The cost driver rate for set ups is $160 per set up. Product L would need 5 production runs. Both types of product would need 1 set up for each production run.
Product L would need 2 inspections for each production run. Product M would need 1 inspection per production run.
The products are made in the same department and use the same equipment and staff but they are produced separately.
Which of the following statements are correct?
Select ALL that apply.
- A. The current production overhead absorption rate is $500 per hour.
- B. If ABC was used, inspection costs per unit of Product L would be $4.00.
- C. If ABC was used, set up costs per unit of Product L would be $1.60.
- D. If ABC was used, set up costs per unit of Product M would be $4.00.
- E. The current production overhead absorption rate is $4.00 per hour.
- F. If ABC was used, inspection costs per unit of Product M would be $4.00.
正解: C,E,F
質問 58
Which of the following is the ideal basis to use for a transfer price when there is a perfect external market?
- A. Actual variable cost
- B. Market price
- C. Full cost plus
- D. Standard variable cost
正解: B
質問 59
The money cost of capital is 12%. The expected rate of inflation is 4%. What is the real cost of capital?
Give your answer to 2 decimal places.
正解:
解説:
7.69 %, 7.70 %
質問 60
Which of the following statements is correct?
- A. Risk can be quantified and probabilities can be assigned reliably to the possible outcomes.
- B. Uncertainty can be quantified and probabilities can be assigned reliably to the possible outcomes.
- C. Risk cannot be quantified and probabilities cannot be assigned reliably to the possible outcomes.
- D. Uncertainty cannot be quantified and probabilities can be assigned reliably to the possible outcomes.
正解: A
質問 61
In accordance with a just-in-time (JIT) philosophy, which of the following is regarded as a value added activity?
- A. Dispatching products to customers
- B. Holding inventory
- C. Inspecting raw material deliveries
- D. Moving work in progress around production facilities
正解: A
質問 62
Kaizen costing is being used by an organization to gradually reduce the unit cost of one of its products in order to achieve a 20% mark up on the product's cost.
The selling price of the product must be $72 per unit and this selling price has been maintained for two years.
Two years ago the product's cost was $3 per unit more than its selling price. Kaizen costing has achieved an 8% reduction from the previous period's unit cost in each of the past two years. The organization expects to continue to achieve the same rate of cost reduction next year.
Which of the following statements provides an accurate analysis of the extent to which Kaizen costing has been successful in achieving the required unit cost for the product?
- A. Kaizen costing has not yet achieved the required unit cost of $57.60 because a greater rate of reduction in costs was needed.
- B. The current cost is $63.48 per unit and the required unit cost will be achieved next year.
- C. Kaizen costing has successfully achieved the necessary cost reduction.
- D. The current cost is $63.00 per unit and the required unit cost will be achieved next year.
正解: B
質問 63
SQ has the opportunity to invest in project X. The net present value for project X is $12,600. Cash inflows occur in years 1, 2 and 3. The company's cost of capital is 14%.
Calculate the annualized equivalent annuity of project X.
Give your answer to the nearest whole $.
正解:
解説:
$5429
質問 64
Which TWO of the following are examples of management information made possible by the availability of big data?
- A. Real-time inventory management information shared with producers to influence their production plans
- B. Customer information harvested from social media to target products
- C. Production cycle time analysis to improve production efficiency
- D. A five year history of a company's aged debtor list to assess the long-run effectiveness of credit control
- E. Customer profitability analysis to identify key strategic customers
正解: A,B
質問 65
A supermarket group has experienced operational problems during recent years, including a shortage of warehousing space due to increasing turnover and poor inventory management. The product portfolio has expanded considerably. Although this has led to increased sales volume, marketing and logistics costs have increased disproportionately. Non product-specific costs have also increased significantly.
Management is now considering using Direct Product Profitability (DPP).
Which of the following statements are valid in respect of the possible implementation of DPP within the supermarket group?
Select ALL that apply.
- A. DPP should result in improved supplier relationships.
- B. DPP should result in improved management of storage space.
- C. DPP requires non product-specific costs to be apportioned rather than allocated.
- D. DPP should result in improved pricing decisions.
- E. DPP provides summary information on the profitability of each customer group.
正解: A,B,D
質問 66
The management of a leisure company, who are risk averse, have just approved an investment in a new amusement park. The country in which the amusement park will be located has a warm and mostly dry climate throughout the year.
A number of specific risks related to this investment have been identified as follows.
(1) Losses of very small amounts of revenue due to poor weather.
(2) A significant financial liability may arise due to the injury of a member of the public.
(3) Loss of several days of revenue due to rides being unavailable because of poor maintenance routines.
(4) Income fraud as a consequence of the high levels of cash handled by employees.
Using the TARA framework, which is the most appropriate way of managing each of these risks?
- A. Transfer risk 1; accept risk 2; avoid risk 3; reduce risk 4
- B. Accept risk 1; avoid risk 2; transfer risk 3; reduce risk 4
- C. Reduce risk 1; transfer risk 2; avoid risk 3; accept risk 4
- D. Accept risk 1; transfer risk 2; avoid risk 3; reduce risk 4
正解: D
質問 67
A company has just launched a new product at a selling price that is designed to rapidly gain market share and to discourage other competitors from entering the market.
Which pricing strategy is the company using?
- A. Market skimming
- B. Premium pricing
- C. Loss leader
- D. Penetration pricing
正解: D
質問 68
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