Free IMANET CMA-Strategic-Financial-Management Exam Questions
Absolute Free CMA-Strategic-Financial-Management Exam Practice for Comprehensive Preparation
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IMANET CMA-Strategic-Financial-Management Exam Questions
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Provided By: IMANET
- Exam: CMA Part 2 Strategic Financial Management
- Certification: CMA
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Total Questions: 126
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Updated On: Jan 13, 2026
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Rated: 4.9 |
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Online Users: 252
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Question 1
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Harris Wholesale Grocery Company has gross sales per year of $7 million and grants credit terms to its
customers of 2/5. net 15 As a result. 60% of customers pay on the discount date 20% pay on the net due date, and 20% pay on average 10 days after the due date Assuming that sales are uniform throughout the year and
using a 360-day year In the calculation what is the approximate annual amount of discount that Hams
customers are allowed to take?
Answer: C
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Harris Wholesale Grocery Company has gross sales per year of $7 million and grants credit terms to its
customers of 2/5. net 15 As a result. 60% of customers pay on the discount date 20% pay on the net due date, and 20% pay on average 10 days after the due date Assuming that sales are uniform throughout the year and
using a 360-day year In the calculation what is the approximate annual amount of discount that Hams
customers are allowed to take?
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Question 2
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Custom Ceramics produces two hand-painted items a large bowl and a large platter. Relevant information for
each of these items is shown below
Answer: D
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Custom Ceramics produces two hand-painted items a large bowl and a large platter. Relevant information for
each of these items is shown below
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Question 3
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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?
Answer: B
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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?
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Question 4
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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?
Answer: A
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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?
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Question 5
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IF a company does not have a code of conduct, the company most likely
Answer: A
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IF a company does not have a code of conduct, the company most likely