IMA CMA-Financial-Planning-Performance-and-Analytics 問題集

質問 1：
Which statement below best describes the relationship among a company's organizational structure, policies.
objectives and the effectiveness of the control environment?
A. Management can determine the organizational structure, policies and objectives to create the control environment after the risks are identified
B. The control activities have more influence on the control environment than the organizational structure policies and objectives
C. The policies, organizational structure, and objectives set the foundation tor the internal control components and provide discipline and structure
D. The control environment often Is completely Independent and distinct from the organizational structure policies. and objectives
正解：C

質問 2：
Throughout June. Carroll Company purchased 75,000 pounds of raw materials at a cost of $303,750 and used
60 000 pounds of these purchases in production Carroll's standards indicated that each unit of finished goods requires three pounds of material at a cost of $4 per pound Although Carroll had budgeted for 22,000 units of finished goods to be produced during June, only 19,800 units were actually made. The raw material price variance for June that would be most relevant when examining deviations from standard is
A. $3,750 Unfavorable
B. $3,300 Unfavorable
C. $2,970 Unfavorable
D. $3,000 Unfavorable
正解：A

質問 3：
Inherent risk factors involved in the revenue recognition process include each of the following except
A. computerization of the process by which sates receipts and credit memoranda are recorded
B. legal factors that affect product warranties, returns and liabilities
C. breakdown of segregation of duties controls
D. Industry factors that affect pricing, terms and discounts
正解：C

質問 4：
If a company s disaster recovery planning includes the use of a cold site the company will
A. resume Its business processes immediately at a remote site with no preinstalled equipment
B. restore its IT function after equipment is made ready at a site with prewired IT access
C. restart its IT operations using the real-time mirroring performed at the cold site
D. relaunch its major business processes from a site with preinstalled equipment
正解：B

質問 5：
GorCo anticipates 10% sales growth each month for the next three months, and plans to sell 120.000 units of finished goods In the first month. The company plans production so that ending inventory is equal to 5% of the next month's budgeted sales On GorCo's production budget for the second month the number of finished goods units to be produced would be
A. 132,660.
B. 132,600.
C. 132,000.
D. 131,340.
正解：A

質問 6：
A company has two service departments Security and Human Resources and two operating departments Assembly and Finishing Cost data for these departments are shown below

To determine the full costs of conducting Business m the operating departments the company allocates service department costs to the operating departments Security costs are allocated based on the number of employees and Human Resources costs are allocated based on the number of Human Resources hours used using the step-down method, what amount of Security costs would be allocated to the Assembly department?
A. $13,333.
B. $18,773.
C. $12,727.
D. $20,000.
正解：B

質問 7：
A company expects sales of 225 000 units in April, 210 000 in May and 190 000 in June. The company maintains an ending Inventory each month of 25% of the next month's sales.
How many units should the company plan to produce in May?
A. 210,000 units
B. 221,250 units
C. 215.000 units
D. 205,000 units.
正解：D

質問 8：
Discuss Whitney's arguments for allocating more capital funds to the Airline Catering division.
Essay
Food Depot Ltd (FDD is a privately-held company that provides catering services to airlines and operates several restaurant chains including fast food, casual dining, and fine dining restaurants FDL has been profitable m recent years and has a very strong cash position FDL's newest division. Food-To-Go. is an online meal ordering and delivery platform acquired by FDL two years ago.
In 20X7. sales for the entire company were SI billion, with 50% of the business coming from the Airline Catering division. FDL is the country's leading airline catering services provider and controls 60% of the market share. However, the outlook of the airline catering industry is gloomy. The compound annual growth rate of the industry for the past five years was only 0.5% as airline networks have increasingly dropped catering on short domestic flights.
The Food-To-Go division only contributed 5% of FDL's total sales in 20X7 and is far behind in competing for market share of the online meal ordering and deliver, industry. It is estimated that Food-To-Go's sales were only 20% of the industry leader's sales However, the outlook for the online meal ordering and delivery services industry is bright. The compound annual growth rate of the industry since it started three years ago was 50%. It is estimated the rapid growth of the industry will continue in the foreseeable future.
The costs of shared corporate services are allocated based on each division s revenue FDL usually caps its capital expenditure budget to 4% of budgeted sales revenue In a recent capital budget coordination meeting.
Smith Whitney, the head of the Airline Catering division. complained that his division is underfunded on capital projects . The budgeted capital expenditure had been much less than 4 % of the division's budgeted sales in the past three years He argued that his division is the company's best-performing division, and it needs more funds to maintain its market share m the industry Whitney wants to reduce the capital expenditure budget for Food-To-Go and reallocate those funds to his division.
Susan Wiley, the bead of Food-To-Go, does not agree that the Airline Catering division is the best-performing division in the company Wiley argues that her division had the highest ROI in 20X7. and it deserves more capital funding FDL's required rate of return is 12%. The selected financial data for the Airline Catering division and Food-To-Go division in 20X7 are as follows (in $ millions).

正解：
See the Answer below in Explanation details.
Explanation
Unless Whitney can't justify that the returns on the funds allocated to the division will create more returns as compared to if it's diverted to the food to go division, allocating the funds to the Whitney's division will not be justifiable and efficient use of resources of the company though the residual income or return on investment will be higher however, future prospects are full which needs to be factored.

質問 9：
To prevent cyoeratiacks. a company recently implemented penetration testing wnich one of tne following statements best descnbes this test?
A. A staged break-in of the company s server room after business hours
B. An email testing employee compliance with phishing guidelines
C. A series of attempts to flood the company's network with traffic
D. An authorized attempt to break through the company's firev.au
正解：D