CMA-Strategic-Financial-Management Exam Dumps - CMA Part 2: Strategic Financial Management Exam

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Question # 9

In March 20X2, an investor purchased a government bond with a face value of $100 that matures in 30 years. The issue price was $94 and the bond offered a yield to maturity of 5.6% One year later, the investor sold the bond at a price of S105 after receiving an interest payment of $6. The total return is

5.6%

6.0%

11.7%

18.1%

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Question # 10

With respect to the COSO Enterprise Risk Management Integrated Framework (2017), which one of the following statements is true regarding Governance & Culture and Performance?

They are both components of the Integrated Framework

Governance & Culture is a principle and Performance is a component of the Integrated Framework

They are both principles of the Integrated Framework

Performance is a principle and Governance & Culture is a component of the Integrated Framework

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Question # 11

An accountant is employed in the financial reporting department of a publicly-traded company. The company s compensation plan includes a year-end bonus based on the entity's financial performance and stock option rewards based on individual performance Using iMAs Statement of Ethical Professional Practice, identify the ethical Issues, if any, that may Be presented by this company s compensation plan.

The plan could threaten the accountant's integrity

The pan could threaten the accountant s competence

The plan could threaten the accountant s credibility

No significant potential threats are presented by the plan

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Question # 12

An organization s sol of values and code or ethics is an important consideration in human resource decisions for each of the following reasons except

employees not motivated to adhere to a set of values may impact relationships wan other entities doing Business e organization.

failure to address the alignment or individual values and ethics with organizational expectations may have a negative impact on performance.

lack of a communicated set of values may create confusion and conflict among employees

an organization may not have a legal right to discharge a dishonest employee if such a code is not communicated

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Question # 13

A company can by identical raw materials from four suppliers. Each supplier offers a different term of sale. Which one of the following terms of sale has the highest effective annual interest rate if the company does not take the cash discount?

1/10, net 90

1/30, net 90

1/10, net 45

1/30 net 45

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Question # 14

An accountant for a company has not used readily available professional development opportunities to stay aware of changes in tax laws and applied previous tax rules to the most recent tax return, resulting in an overpayment of income tax Using IMA's Statement of Ethical Professional Practice, how would the accountant's behavior best be described?

The accountant has complied with the competence standard if the lack of professional development is disclosed to supervisors

The accountant has complied with the competence standard if the lack of professional development is disclosed in any reports or analyses the accountant produces

The accountant has not complied with the credibility standard but has complied with the competence standard

The accountant has not complied with the competence standard

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Question # 15

On January 1, 2008 the exchange rate between the U S dollar (S) and Indian Rupee (Rs) was $t = Rs 39. 2676. On January 1, 2009 the rate was Rs 1 = $0,0205. Based only on the relative currency appreciation or depreciation, which country's exports would likely have increased?

India

U.S

Neither India or U.S

Both India and U.S

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Question # 16

Your organization is considering implementing an Enterprise Risk Management process. You expect to obtain many benefits from this process. Which of the following is not an expected Benefit?

Aligning risk appetite and strategy

Eliminating risk response decisions

Reducing operational surprises and losses

Seizing opportunities.

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