Free IMANET CMA-Strategic-Financial-Management Exam Questions

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Total 126 Questions | Updated On: Feb 19, 2025

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Question 1

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 2

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 : company should produce only bowls because the contribution margin per bowl is higher.

B : company should produce only platters because the variable cost per platter is lower

C : company should produce only bowls because the sales price per Bowl is higher

D : company should produce only platters because the contribution margin per painting hour is higher

Answer: D

Question 3

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 4

Studler’s Restaurant is considering a contract to supply the weal senior citizen center with 10,000 meals. Regular sales at regular prices would be unaffected. The food cost for each meal s S3 Additional costs incurred as a result of the contract would De variable overhead of S 50 and variable selling general and administrative costs of S SO per meal sold. The selling price per meal would be $5, A total of $20,000 in fixed costs would be allocated at $2 per meal. The fixed costs are part of an overall total of $500,000 in annual fixed costs incurred regardless of the contract. What will be the effect on pretax income if Studiers takes the special order?

A : $10, 000 increase

B : $10.000 decrease

C : $20, 000 increase

D : $20.000 decrease

Answer: A

Question 5

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

Page: 1 / 26

Total 126 Questions | Updated On: Feb 19, 2025

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