CMA Part 1 – Financial Planning‚ Performance‚ & Control Examination Practice Questions © Copyright 2013 Institute of Certified Management Accountants CMA Part 1 – Financial Planning‚ Performance and Control Examination Practice Questions 1. A company is preparing the sales budget for two potential products. Both products require the use of the same manufacturing equipment‚ which is only available for 60 hours each month. The contribution margin of product A is $95 per unit and the contribution
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million americans own at least 1 vehicle and around 20 million families own at least 2 vehicles. But for all the car that are mass produced only 1 in 10 know how the car works. And in this essay i will teach you what it takes to become an auto technician. The job outlook in the auto technician field is very positive and is growing every day. But with it growing yearly there is still a job shortage‚ And most auto techs will work late nights and weekend. As a auto tech you have to be ready to work the
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CHAPTER 1 INTRODUCTION TO COST ACCOUNTING QUESTIONS 1. Management accounting stresses the informational needs of internal users over those of external users (the focus of financial accounting). Because of this perspective‚ management accounting provides information in a format that is flexible and relevant to a particular manager‟s usage. Financial accounting‚ on the other hand‚ must provide some uniformity in the manner in which information is presented for it to be comparable among companies and
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Question: ‘I want every student to leave here as a better person.’ To what extent do you agree that taking part in challenging activities is good for people? Martin Luther King once said‚ “The ultimate measure of a man is not where he stands in moments of comfort and convenience‚ but where he stands at times of challenge and controversy.” Humans are creatures of habit‚ preferring to stay in areas where they feel safe and familiar. However‚ staying in one’s comfort zone reduces one’s willingness
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Chorale’s chips and dips‚ Inc.- Are you in or are you out? Congratulations! You have been asked by the new president of Chorale’s Chips N’ Dips‚ Inc. Al Gunner‚ to lead a new recognition team. Al is concerened that his work force of 586 employees needs to be motivated to achieved higher goals and customer expectations‚ increased requirements‚ and more demanding regulations from the (FDA) Food and Drug Administration. Although he has only been at this plant two months he has obsereved low morale
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References: Sumner‚ M. (1998). Enterprise resource planning. Upper Saddle River‚ NJ: Pearson Education‚ Inc.
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e-mail. Customers are encouraged to go online to perform routine tasks such as address changes or simple billing inquiries (Krajewski J. 2009‚ pp.9). The use of web sites is very beneficial to agents and customers. This is very convenient and allows you to report damage and accident information. Immediate Response Claims Handling allows a claimant to now reach a Progressive representative by phone 24 hours a day. The representative immediately
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Describe the amortisation requirements for certain identifiable intangible assets and the changes to accounting for goodwill introduced as part of the convergence with international accounting standards. How will these changes affect reported profit? General amortisation requirements Intangible assets (other than goodwill) that are considered to have a limited useful life are required to be amortised over their useful lives defined as ‘the period of time over which the asset is expected to be used
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Facility Planning Part 1 Facility Planning Part One Dwan Chatman HCS/446 July 26‚ 2011 Ruth Ann Vaughn Facility Planning Part One The United States is facing a crisis with the rise in health care cost and the aging population suffering from chronic and terminal illnesses. As a result‚ hospital administrators are left to seek out methods to address these patients’ needs. The hospitals are trying networking‚ patterning with new physicians‚ and building additional outpatient treatment
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Auto Industry 1. What are the key trends in the general environment that you see in the case? (Pg.43) Positive trends I saw were technological‚ economic and global key trends. Because of the global economic downturn and financial crisis there was persistently rising fuel prices over the last few years which lead to a technological and economical trends in the general environment. Technological because of developing new ways of making cars become more fuel efficient. Key economic trends were also
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