Free CMA Exam Questions - Easiest Way for Success

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Total 1336 Questions | Updated On: Sep 14, 2024

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Question 1

From the view point of the investor, which of the following securities provides the least risk?

A : Mortgage bond.

B : Subordinated debenture.

C : Income bond.

D : Debentures.

Answer: A

Question 2

Austin Manufacturing, which is subject to a 40% income tax rate, had the following operating data

for the period just ended.

Management plans to improve the quality of its sole product by (1) replacing a component that costs

$3.50 with a higher-grade unit that costs $5.50, and (2) acquiring a $180,000 packing machine. Austin

will depreciate the machine over a 10-year life with no estimated salvage value by the straight-line

method of depreciation. If the company wants to earn after-tax income of $172,800 in the upcoming

period, it must sell

A : 19,300 units.

B : 21,3l6units.

C : 22,500 units.

D : 23,800 units.

Answer: C

Question 3

Maylar Corporation has sold $50 million of $1 .000 par value, 12% coupon bonds The bonds were sold at a discount and the corporation received $985 per bond. If the corporate tax rate is 40%. the after-tax cost of these bonds for the first year (rounded to the nearest hundredth percent) is

A : 7.31%.

B : 4.87%.

C : 12.00%.

D : 7.09%.

Answer: A

Question 4

The costs described in situations Ill and V are

A : Prime costs.

B : Sunk costs.

C : Discretionary costs.

D : Imputed costs.

Answer: B

Question 5

During which stage of the product life cycle will prices most like’ be reduced to the lowest possible level?

A : Introductory stage.

B : Growth stage.

C : Maturity stage.

D : Dechnestage

Answer: C

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Total 1336 Questions | Updated On: Sep 14, 2024

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