Free CMA-FINANCIAL-PLANNING-PERFORMANCE-AND-ANALYTICS Exam Braindumps (page: 3)

Page 2 of 29

A company reported that its shareholders' equity decreased in the recent year. This could occur if:

  1. dividends paid were less than net income.
  2. dividends paid were greater than net income
  3. new common stock was sold for greater than par value
  4. new common stock was sold for less than par value

Answer(s): B



A company has prepared the following pro forma income statements. It plans to sell 10,000 units in the current year and 11.500 units next year.

  1. Increase sales revenue by 15%.
  2. Reduce cost of goods sold by $1.00 per unit
  3. Increase gross profit margin by 15%
  4. Reduce operating expenses by $1.00 perunit

Answer(s): B



After a recent earthquake in a nearby city the board of directors of a company has requested a review of the company s disaster recovery plan Which of the following would be classified as a weakness in the company's disaster recovery plan?

  1. Management has decided not to maintain a hot site because it was determined that the costs outweigh the benefits.
  2. The details of the disaster recovery plan stipulate that internal audit should review the plan every other year rather than annually.
  3. A cold site with backup data and documents is maintained on the basement level of the company s headquarters.
  4. Members of the company's disaster recovery team maintain current copies of the disaster recovery plan m their homes.

Answer(s): C



A manufacturing companyis setting a standard number of labor hours for a product Management creates a draft standard and asks for employees' feedback.
Which one of the following statements best represents the type of standard that is being set?

  1. A participative standard because It includes management's Input to determine the standard.
  2. An authoritative standard because the employees helped to determine the standard
  3. A participative standard because the employees will more likely view the standard as reasonable.
  4. An authoritative standard because management still will ensure the standard fits the strategy

Answer(s): C






Post your Comments and Discuss IMA CMA-FINANCIAL-PLANNING-PERFORMANCE-AND-ANALYTICS exam with other Community members:

CMA-FINANCIAL-PLANNING-PERFORMANCE-AND-ANALYTICS Exam Discussions & Posts