×

Special Offer! Limited-Time Offer! Get 25% Off on All Certification Exams – Prepare & Pass with Confidence! Use Code:  DC25OFF  

Email Us support@dumpscity.com
LOG IN SIGN UP 0

Free IMANET CMA Exam Questions

Try our Free Demo Practice Tests for Comprehensive CMA Exam Preparation

  • IMANET CMA Exam Questions
  • Provided By: IMANET
  • Exam: Certified Management Accountant
  • Certification: CMA
  • Total Questions: 1336
  • Updated On: Mar 27, 2025
  • Rated: 4.9 |
  • Online Users: 2672
Page No. 1 of 268
   
Add To Cart
  • Question 1
    • 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
      CMA-page652-image658
      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?

      Answer: B
  • Question 2
    • A market follower is a firm that does not choose to challenge the market leader. This firm must have
      its own strategy for maintaining its share of the market. When the firm improves products that are
      already on the market and operates in different markets, it is a (n).


      Answer: D
  • Question 3
    • An interest swap covers a 3-year period with annual payments on a $1 million notional principal
      amount. Party X agrees to pay a fixed rate of 8.5% to Party Z, who will in return pay to X a floating
      rate equal to the London Interbank Offered Rate (LIBOR) in effect. LIBOR is the rate offered by major
      London banks on large dollar deposites. The contract is initiated on January 1, Year 1. The first
      payment is due on December 21, Year 1. The following are the floating rates on LIBOR over the 3-
      year period:
      Time LIBOR
      1/1/Year 1 8.00%
      1/1/Year 2 9.00%
      1/1/Year 3 9.50%
      1/1/Year 4 8.50%
      What is the net payment made to the party that recognized a net gain on the contract?

      Answer: B
  • Question 4
    • In equipment-replacement decisions, which one of the following does not affect the decision-making
      process?


      Answer: C
  • Question 5
    • Whatney Co. is considering the acquisition of a new, more efficient press. The cost of the press is
      $360,000, and the press has an estimated 6-year life with zero salvage value. Whatney uses straightline depreciation for both financial reporting and income tax reporting purposes and has a 40%
      corporate income tax rate. In evaluating equipment acquisitions of this type, Whatney uses a goal of
      a 4-year payback period. To meet Whatney’s desired payback period, the press must produce a
      minimum annual before4ax operating cash savings of

      Answer: B
PAGE: 1 - 268
   
Add To Cart

© Copyrights Dumpscity 2025. All Rights Reserved

We use cookies to ensure your best experience. So we hope you are happy to receive all cookies on the Dumpscity.