CompTIA
Checkpoint
ISC
HP
Dell
EC-Council
EXIN
Fortinet
ITIL®
Juniper
PMI
Microsoft
VMware
Avaya
Google
Salesforce
Amazon
Palo Alto Networks
Certiport
ISC2
All Vendors
  2. Home
  3. Exams
  4. IIA
  5. IIA-CIA-Part3

Free IIA-CIA-Part3 Exam Braindumps (page: 16)

Page 16 of 390
PDF with 1555 Questions

To remove the effect of seasonal variation from a time series, original data should be:

  1. Increased by the seasonal factor.
  2. Reduced by the seasonal factor.
  3. Multi plied by the seasonal factor.
  4. Divided by the seasonal factor.

Answer(s): D

Explanation:

Seasonal variations are common in many businesses. To remove the effect of seasonal variation from a time series, the original data (with the four trends) is divided by the seasonal norm.



The moving-average method of forecasting:

  1. Is a cross-sectional forecasting method.
  2. Regresses the variable of interest on a related variable to develop a forecast.
  3. Derives final forecasts by adjusting the initial forecast based on the smoothing constant.
  4. Includes each new observation in the average as it becomes available and discards the oldest observation.

Answer(s): D

Explanation:

The simple moving-average method is a smoothing technique that uses the experience of the past N periods (through time period t) to forecast a value for the next period. Thus, the average includes each new observation and discards the oldest observation. The forecast formula for the next period (for time period t+1) is the sum of the last N observations divided by N.



A company is formulating its plans for the coming year, including the preparation of its cash budget. Historically. 30% of the company's sales are cash sales. The remaining 70% are credit sales with the following collection pattern:



For the month of April, the total cash receipts from sales and collections on account would be:

  1. US$3,729,968
  2. US$3,781,600
  3. US$4,025,200
  4. US$4,408,000

Answer(s): B

Explanation:

The cash receipts for April equal April's cash sales (US $4,000,000 * 30% = US $1.200, 000), 40% of April's credit sales, and 58% of March's credit sales. Consequently, total cash receipts equal US $3,781,600 [$1,200,000 + ($4,000,000 * 40% x 70%) + ($3,600,000 x 58% x 70%)].



A learning curve of 80% assumes that the incremental unit time is reduced by 20% for each doubling of output. Also, direct labor cost is proportionate to time worked.
What is the incremental direct labor cost of the 16th unit produced as an approximate percentage of the first unit produced?

  1. 41%
  2. 31%
  3. 51%
  4. 64%

Answer(s): A

Explanation:

The assumption is that the incremental unit time (time to produce the last unit) is reduced by 20% when production doubles. Thus, the labor cost of the sixteenth unit is 40.96% of that for the first unit (100% x 80% x 80% x 80% x 80%).



Page 16 of 390



Post your Comments and Discuss IIA IIA-CIA-Part3 exam with other Community members:

Gosia commented on December 16, 2024
Hi, did you have the same questions on exams?
POLAND
upvote

Becky commented on June 23, 2024
Exam collections here awesome. Kudos
Anonymous
upvote

Shehata mohamed commented on December 13, 2023
Many thanks cia part 3
Anonymous
upvote

IIA-CIA-Part3 commented on July 16, 2023
CIA Exam Part Three: Business Knowledge for Internal Auditing
Anonymous
upvote

KC commented on December 20, 2017
Very helpful. For a another braindump I paid almost 4 times this and got the same material. Then I came across this site. Can't believe the same set of questions and answers are sold for almost a fraction of a price with much better quality and support.
UNITED STATES
upvote