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| Section | Weight | Objectives |
|---|---|---|
| Financial Statement Analysis | 20% | - Basic financial statement analysis
|
| Enterprise Risk Management | 10% | - Risk identification and classification
|
| Business Decision Analysis | 25% | - Cost-volume-profit analysis
|
| Corporate Finance | 20% | - Risk and return
|
| Capital Investment Decisions | 10% | - Capital budgeting process
|
| Professional Ethics | 15% | - IMA Statement of Ethical Professional Practice
|
Below is the income statement and balance sheet for a retail corporation.
What is the corporation's return on equity in Year 2?
Correct Answer: B 🗳️
Given the financial information shown below, what amounts would be shown for sales revenue and for gross prom, respectively in a common size income statement?
Correct Answer: D 🗳️
Company Y records a receivable from a foreign customer in Company Y's functional currency. The receivable is due in 90 days and is to be paid in the customer s currency. This is an example of which type of risk exposure?
Correct Answer: C 🗳️
Plenary Inc specializes in overnight package delivery. Total packages delivered last year were 10 000.000. and this quantity is expected to remain unchanged in the coming year. Unit contribution margin is $4,50 and total fixed costs are S40.000,000. The firm's 300 delivery truck drivers are seeking a S10 000 raise in annual salary In addition to a current base salary of $45 000 per year, the drivers receive a commission of $0 50 per package delivered If the firm grants the $10,000 salary increase to each driver and seeks to maintain the same level of pre-tax operating profit what is the maximum amount of commission the firm can pay its drivers per package delivered?
Correct Answer: C 🗳️
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?
Correct Answer: B 🗳️
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