2023年最新のCMA-Strategic-Financial-Management問題集レビュー専門クイズ学習材料
CMA-Strategic-Financial-Managementテスト準備トレーニング練習試験問題 練習テスト
CMA Part 2試験は、会計士や財務専門家向けの専門団体であるInstitute of Management Accountants（IMA）によって実施されています。IMAは、管理会計の分野での卓越性を促進し、そのメンバーに対してリソース、ネットワーキングの機会、そして継続的な教育を提供することを目的としています。
質問 # 51
A capital budgeting analysis involves an initial investment of $500. The expected cash inflow in Year 1 is
$300, and the expected cash inflow in Year 2 is $350. Which one of the following equations can get the correct internal rate of return (IRR) of this project?
- A. -$500 = $300'(1 + IRR) + 5350/(1 + IRR)2
- B. $500 = $300/(1 + IRR) + $350/(1 + IRR)
- C. $500 = $300/(1 + IRR) + $350/(1 + IRR)2
- D. $0 = $300/(1 + IRR) + $350/11 + IRR)2
正解：A
質問 # 52
Should OLI accept the proposal from the regional airline? Show your calculations Essay Online Learning Inc. lOLI) is a privately-held company based in the IUC that specializes in providing online courses in English as a Second Language (ESL). OLI is trying to set up a new sales office in a foreign country.
It needs a business license to operate in that country. The license normally lakes six months to obtain. An official of that country said that he could expedite the process for a fee of €300.
OLI estimates the new sales office can bring €300,000 incremental profit annually OLI has just launched a new online 40-houi course to help adult ESL learners master basic business English. The price of the new course is €500 per student, the variable cost is €300 per student, and the total fixed cost of the new course is
€300.000 per year OLI spent €200.000 to develop the new course before launching it. There are many online course providers in the marketplace, and each has its own feature However, OLI's highly qualified staff and good reputation have enabled it to charge a premium price compared to its major competitors. Recent market research indicates that if OLI raises the price of its new business English course by 10V the student enrollment would decrease by 5V A regional airlines company in Asia has approached OLI and offered to enroll 1.000 of its employees in the new course if OLI would agree to a special price of €350 per employee If OLI accepts this offer, an additional €10,000 onetime cost would be required to temporally expand its capacity to accommodate the new students.
正解：
解説：
See the explanation for the answer.
Explanation
Yes the order can be accepted as the price offered is above the variable cost of 300, hence it will make a contribution of 50 per enrollment and should be accepted
質問 # 53
Company Y records a receivable from a foreign customer in Company Y's functional currency. The receivable is due in 90 days and is to be paid in the customer s currency. This is an example of which type of risk exposure?
- A. Foreign investment risk
- B. Economic risk
- C. Translation risk
- D. Transaction risk
正解：D
質問 # 54
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. 150.000 CD-ROMS and 125.000 DVD
- B. 100,000 CD-ROM's and 150,000 DVD'[s
- C. 120.000 CD-ROM's 140,000 DVD.
- D. 200,000 CD-ROm's a dn 100,000 DVD
正解：D
質問 # 55
K Malone is a successful entrepreneur, Currently she is considering investing in a capital protect, which would benefit tourism in North Caroina Because of tourism, the State of North Carolina is willing to lent) her
$150,000 at a rate of 5%. well below the market rate Her estimated net cash flows for the 3-year lifetime of the project are S15 000 $89,000 and $60,000 respectively Recommend whether or not Malone should undertake this project.
- A. She should not undertake this project because the net present value NPV is ($14.051).
- B. She should undertake this project because the net present value (NPV) is $31,022.
- C. She should undertake this project because the present value (PV) of this project is $146,843
- D. She should not undertake this protect because the net present value (NPV) is ($3.157)
正解：A
質問 # 56
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. $77, 000
- B. $71.000
- C. $100, 000
- D. $23.000
正解：D
質問 # 57
Using the dividend discount model, an analyst determines mat Beverly Company's equity is worth $80 per share. Beverly Company's required rate of return is 15% and the current risk-free rate is 5% assuming a 0% long-term growth rate, what is Beverly's estimated future annual dividend?
- A. $8.00
- B. $12.00
- C. $16.00
- D. $1.20
正解：A
質問 # 58
If a CMA is asked to conduct a financial assessment of a company owned by a close relative, what would be the proper response under the credibility standard of the IMA Statement of Ethical Professional Practice?
- A. Provide an assessment that is timely and accurate despite the personal relationship
- B. Keep information confidential except when authorized By the relative
- C. Advise all parties of a potential conflict of interest
- D. Communicate the existence of a constraint that might preclude responsible judgment
正解：C
質問 # 59
Southwest Supplies Inc. (SSI) is considering the following two projects with cash-flows discounted at SSI's weighted average cost of capital.
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. Project B generates significantly more non-cash expenses
- B. Project B cash-flows are to be received sooner
- C. Project B cash-flows are relatively more certain
- D. Project B results in a higher cumulative accounting income
正解：B
質問 # 60
In an Enterprise Risk Management environment, which one of the following is the best example of risk sharing?
- A. Outsourcing business processes
- B. Establishing operational limits
- C. Self-insuring against loss
- D. Reallocating capital among operating units
正解：A
質問 # 61
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. $0.20
- B. $0.30
- C. $0.0
- D. $0.35
正解：A
質問 # 62
A corporation has $80 million in current assets comprised of $30 million in inventory and $50 million in cash and marketable securities it has current liabilities of $50 million. If the corporation purchases an additional $10 million in inventory with trade credit this would
- A. decrease its current ratio and decrease its quick ratio
- B. not change its current ratio and decrease its quick ratio
- C. increase its current ratio and increase its quick ratio
- D. not change its current ratio and not change its quick ratio
正解：A
質問 # 63
FumiSelf is a global manufacturer of consumer-assembled furniture with a business presence in nearly every country. The Vice President of Production was presented with the following information by the Vice President of Finance as of the end of the current quarter.
- A. Europe division is the most inefficient in managing its inventory
- B. North American division has the lowest days' sales in Inventory.
- C. Asian division has the highest days' sales in inventory
- D. African division is the most efficient in manage its inventory
正解：A
質問 # 64
As the number of stocks in a portfolio increases, unsystematic risk
- A. increases, and systematic risk does not change
- B. decreases and systematic risk decreases
- C. decreases and systematic risk does not change
- D. increases, and systematic risk increases
正解：C
質問 # 65
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. The company should produce only platters because the contribution margin per painting hour is higher
- B. The company should produce only bowls because the contribution margin per bowl is higher.
- C. The company should produce only bowls because the sales price per Bowl is higher
- D. The company should produce only platters because the variable cost per platter is lower
正解：A
質問 # 66
Discuss whether the demand for OLI's new business English course is elastic and explain how OLI can use this information in determining the product price.
Essay
Online Learning Inc. lOLI) is a privately-held company based in the IUC that specializes in providing online courses in English as a Second Language (ESL). OLI is trying to set up a new sales office in a foreign country.
It needs a business license to operate in that country. The license normally lakes six months to obtain. An official of that country said that he could expedite the process for a fee of €300.
OLI estimates the new sales office can bring €300,000 incremental profit annually OLI has just launched a new online 40-houi course to help adult ESL learners master basic business English. The price of the new course is €500 per student, the variable cost is €300 per student, and the total fixed cost of the new course is
€300.000 per year OLI spent €200.000 to develop the new course before launching it. There are many online course providers in the marketplace, and each has its own feature However, OLI's highly qualified staff and good reputation have enabled it to charge a premium price compared to its major competitors. Recent market research indicates that if OLI raises the price of its new business English course by 10V the student enrollment would decrease by 5V A regional airlines company in Asia has approached OLI and offered to enroll 1.000 of its employees in the new course if OLI would agree to a special price of €350 per employee If OLI accepts this offer, an additional €10,000 onetime cost would be required to temporally expand its capacity to accommodate the new students.
正解：
解説：
See the explanation for the answer.
Explanation
it's in elastic and me percentage change in price is greater than the percentage change in the demand. A profile maximizing price where the marginal revenue is equal to marginal cost would be recommendable in this scenario.
質問 # 67
A company has hired a consultant to propose a way to increase the company's revenues. The consultant has evaluated two mutually exclusive projects with me following information provided for each project.
The company uses a discount rate of 9% to evaluate both projects Based on the net present value, the company should invest in
- A. project B only
- B. project A and project B
- C. project A only
- D. neither project
正解：C
質問 # 68
Discuss whether AMI should use a cost-based or a market-based pricing approach. Explain your answer.
Essay
Food Depot Ltd, (FDL) is a privately-held company that provides catering services to airlines and operates several restaurant chains including fast food, casual dining, and fine dining restaurants, FDL has been profitable in recent years and has a very strong cash position. FDL's newest division. Food_TO-Go is an online meal ordering and delivery platform acquired by FDL two year ago.
In 20X7, sales for the entire company were $1 billion, with 50% of the business coming from the Airline Catering division. FDL is the country 's leading airline catering services provider and control 60% of the market share. However, the outlook of the airline catering industry is gloomy. The compound annual growth rate of the industry for the past five years was only 0.5% as airline networks have increasingly dropped catering on short domestic flights.
The Food-To-division only contribution 5% of FDL's total sales in 20X7 and is far behind in competing for marketing for market share of the online meal ordering and delivery industry, it is estimated that Food-To-Go's sales were only 20% of the industry leader's sales. However, the outlook for the online meal ordering and delivery services industry is bright. The compound annual growth rate of the industry since it started three years ago was 50%. It is estimated the rapid growth of the industry will continue in the foreseeable future.
Susan Willey, the head of Food-To-Go, does not agree that the Airline Catering division is the best-performing division in the company. Wiley argues that ber division bad the highest ROI in 20X7, and it deserves more capital finding. FDL's requested rate of return is 12%. The selected financial data for the Airline Catering division and Food-To-Go division in 20X7 are as follow (in $ millions)
正解：
解説：
See the explanation for the answer.
Explanation
It should continue using market based pricing as the bargaining power is with the company not with me customer the products they make are important for me customers and there is a few competition hence it is an opportunity for Item to charge a premium for their products.
質問 # 69
Marlow Company s partial balance sheet indicated the following.
- A. 1.96
- B. 0.51
- C. 2.08
- D. 1.58
正解：D
質問 # 70
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IMA CMA-Strategic-Financial-Management 認定を取得することは、個人が財務管理の原則と慣行に包括的な理解を持っていることを示すものです。この認定は、世界中の雇用主に高く評価され、キャリアアップの機会や高い給与をもたらすことができます。CMA認定は、多くの組織における上級財務管理職の一部に必要な場合もあります。
試験問題解答ブレーン問題集でCMA-Strategic-Financial-Management試験問題集PDF問題：https://www.goshiken.com/IMA/CMA-Strategic-Financial-Management-mondaishu.html