Financial Certified Management Accountant CMA Exam Questions in PDF

Free Financial CMA Dumps Questions (page: 47)


Details: Risk Analysis and Real Options 20

The payback reciprocal can be used to approximate a project's

  1. Profitability' index.
  2. Net present value.
  3. Accounting rate of return if the cash flow pattern is relatively stable.
  4. Internal rate of return if the cash flow pattern is relatively stable.

Answer(s): D

Explanation:

The payback reciprocal (1 ÷ payback) has been shown to approximate the internal rate of return (IRR) when the periodic cash flows are equal and the life of the project is at least twice the payback period




Details: Risk Analysis and Real Options 20

The bailout payback method

  1. Incorporates the time value of money.
  2. Equals the recovery period from normal operations.
  3. Eliminates the disposal value from the payback calculation.
  4. Measures the risk if a project is terminated.

Answer(s): D

Explanation:

The payback period equals the net investment divided by the average expected cash flow, resulting in the number of years required to recover the original investment. The bailout payback incorporates the salvage value of the asset into the calculation. It determines the length of the payback period when the periodic cash inflows are combined with the salvage value. Hence, the method measures risk. The longer the payback period, the more risky the investment.




Details: Risk Analysis and Real Options 20

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 straight-line 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

  1. $90,000
  2. $110,000
  3. $114,000
  4. $150,000

Answer(s): B

Explanation:

Payback is the number of years required to complete the return of the original investment. Given a periodic constant cash flow, the payback period equals net investment divided by the constant expected periodic after-tax cash flow. The desired payback period is 4 years1 so the constant after-tax annual cash flow must be $90,000 ($360,000 ÷ 4). Assuming that the company has sufficient other income to permit realization of the full tax savings, depreciation of the machine will shield $60,000 ($360000 ÷ 6) of income from taxation each year, an after-tax cash savings of $24000 ($60,000 x 40%). Thus, the machine must generate an additional $66,000 ($90,000 -- $24,000) of after-tax cash savings from operations. This amount is equivalent to $1 10,000 [$66,000 ÷ (1 .0 -- .4)] of before-tax operating cash savings.




Details: Risk Analysis and Real Options 20

Which one of the following planning techniques is most likely to be used to determine which business units will receive additional capital and which will be divested?

  1. Competitive strategies model.
  2. Portfolio matrix analysis.
  3. Scenario development.
  4. Situational analysis.

Answer(s): B

Explanation:

Business units may be treated as elements of an investment portfolio. A portfolio should be efficient in balancing the risk with the rate of return on the portfolio. The expected rate of return of a portfolio is the weighted average of the expected returns of the individual assets in the portfolio. The variability (risk) of a portfolio's return is determined by the correlation of the returns of individual portfolio assets. To the extent the returns are not perfectly positively correlated, variability is decreased. Thus, business units should be selected that increase returns and diversify and reduce risk.




Details: Ranking Investment Projects 19

Barker, Inc. has no capital rationing constraint and is analyzing many independent investment alternatives. Barker should accept all investment proposals

  1. If debt financing is available for them.
  2. That have positive cash flows.
  3. That provide returns greater than the before-tax cost of debt.
  4. That have a positive net present value.

Answer(s): D

Explanation:

A company should accept any investment proposal, unless some are mutually exclusive, that has a positive net present value or an internal rate of return greater than the company's desired rate of return.



Share your comments for Financial CMA exam with other users:

B
B.Khan
4/19/2022 9:43:00 PM

the buy 1 get 1 is a great deal. so far i have only gone over exam. it looks promissing. i report back once i write my exam.

G
Ganesh
12/24/2023 11:56:00 PM

is this dump good

A
Albin
10/13/2023 12:37:00 AM

good ................

P
Passed
1/16/2022 9:40:00 AM

passed

H
Harsh
6/12/2023 1:43:00 PM

yes going good

S
Salesforce consultant
1/2/2024 1:32:00 PM

good questions for practice

R
Ridima
9/12/2023 4:18:00 AM

need dump and sap notes for c_s4cpr_2308 - sap certified application associate - sap s/4hana cloud, public edition - sourcing and procurement

T
Tanvi Rajput
10/6/2023 6:50:00 AM

question 11: d i personally feel some answers are wrong.

A
Anil
7/18/2023 9:38:00 AM

nice questions

C
Chris
8/26/2023 1:10:00 AM

looking for c1000-158: ibm cloud technical advocate v4 questions

S
sachin
6/27/2023 1:22:00 PM

can you share the pdf

B
Blessious Phiri
8/13/2023 10:26:00 AM

admin ii is real technical stuff

L
Luis Manuel
7/13/2023 9:30:00 PM

could you post the link

V
vijendra
8/18/2023 7:54:00 AM

hello send me dumps

S
Simeneh
7/9/2023 8:46:00 AM

it is very nice

J
john
11/16/2023 5:13:00 PM

i gave the amazon dva-c02 tests today and passed. very helpful.

T
Tao
11/20/2023 8:53:00 AM

there is an incorrect word in the problem statement. for example, in question 1, there is the word "speci c". this is "specific. in the other question, there is the word "noti cation". this is "notification. these mistakes make this site difficult for me to use.

P
patricks
10/24/2023 6:02:00 AM

passed my az-120 certification exam today with 90% marks. studied using the dumps highly recommended to all.

A
Ananya
9/14/2023 5:17:00 AM

i need it, plz make it available

J
JM
12/19/2023 2:41:00 PM

q47: intrusion prevention system is the correct answer, not patch management. by definition, there are no patches available for a zero-day vulnerability. the way to prevent an attacker from exploiting a zero-day vulnerability is to use an ips.

R
Ronke
8/18/2023 10:39:00 AM

this is simple but tiugh as well

C
CesarPA
7/12/2023 10:36:00 PM

questão 4, segundo meu compilador local e o site https://www.jdoodle.com/online-java-compiler/, a resposta correta é "c" !

J
Jeya
9/13/2023 7:50:00 AM

its very useful

T
Tracy
10/24/2023 6:28:00 AM

i mastered my skills and aced the comptia 220-1102 exam with a score of 920/1000. i give the credit to for my success.

J
James
8/17/2023 4:33:00 PM

real questions

A
Aderonke
10/23/2023 1:07:00 PM

very helpful assessments

S
Simmi
8/24/2023 7:25:00 AM

hi there, i would like to get dumps for this exam

J
johnson
10/24/2023 5:47:00 AM

i studied for the microsoft azure az-204 exam through it has 100% real questions available for practice along with various mock tests. i scored 900/1000.

M
Manas
9/9/2023 1:48:00 AM

please upload 1z0-1072-23 exam dups

S
SB
9/12/2023 5:15:00 AM

i was hoping if you could please share the pdf as i’m currently preparing to give the exam.

J
Jagjit
8/26/2023 5:01:00 PM

i am looking for oracle 1z0-116 exam

S
S Mallik
11/27/2023 12:32:00 AM

where we can get the answer to the questions

P
PiPi Li
12/12/2023 8:32:00 PM

nice questions

D
Dan
8/10/2023 4:19:00 PM

question 129 is completely wrong.

AI Tutor 👋 I’m here to help!