Download the Latest CMA-Financial-Planning-Performance-and-Analytics Dumps – 2023 CMA-Financial-Planning-Performance-and-Analytics Exam Questions [Q35-Q55]

Rate this post

Download the Latest CMA-Financial-Planning-Performance-and-Analytics Dumps – 2023 CMA-Financial-Planning-Performance-and-Analytics Exam Questions

Latest IMA CMA-Financial-Planning-Performance-and-Analytics Certification Practice Test Questions

NO.35 identity and explain one benefit and one limitation of outsourcing most of me payroll-related work to an outside payroll service provider.
Essay
Zhiliang Foods Inc. (ZFI) is a privately-held food distributor ZFI has two production departments’ the Meat Department is labor-intensive. while the Bakery Department is highly automated ZFI applies a single overhead allocation rate, using the number of pounds produced as an allocation base for the whole company The expected annual overhead costs of ZFI for 100 million pounds produced are as follows (¥ in millions).

ZFI has one payroll administrator in its Human Resources department, but most of the payroll related work is outsourced to a payroll service provider ZFI’s payroll administrator is responsible for tracking the list of current employees and maintaining the most up-to-date employee information, including bank accounts for payroll direct deposits.
Each pay period, the payroll administrator emails the information for all current employees’ hours worked to the payroll service provider. The service provider then processes the payroll, makes direct deposits to employees’ bank accounts, mails payroll stubs to employees’ homes and emails payroll reports to ZFI’s payroll administrator. The payroll administrator then makes payroll journal entries to ZFI’s accounting system based on the payroll reports received ZFI’s accountant prepares a bank reconciliation each month to ensure ZFI s payroll payments on ZFI’s bank statement match the amounts shown on the payroll reports from the service provider.
ZFl’s management is evaluating the purchase of data encryption software and human resources management software next year. The human resource management software is expected to provide various human resources and payroll-related functions.
In addition, the human resource software can generate a report to indicate the monthly employee turnover rate and the average service length of employees who have resigned. The system can also generate a report to indicate the main reasons for resignations and identify current employees who are at risk of resigning. The system will recommend actions to help retain these employees, such as more training opportunities or a pay raise.

NO.36 Mauer Company’s master budget for next year indicates the following

 
 
 
 

NO.37 A fitness company produces workout video content and snares it online. The company has subscribers all over the world and its subscriber base has shown steady growth Management has approached a popular workout apparel company to discuss potential sponsorship opportunities. The goal is to impress the potential sponsor by showing the growth in total subscribers over the last 12 months. All of the following would be appropriate options for visualizing this data except a

 
 
 
 

NO.38 A scatterplot is an effective visualization technique that is used to

 
 
 
 

NO.39 MJC Co. is considering adopting a variable costing system using variable costing rather than absorption costing will be more advantageous to MJC because the variable costing system

 
 
 
 

NO.40 Two examples or measures that could appear in the Learning and Growth section of a balanced scorecard are

 
 
 
 

NO.41 Trans Action inc. (TAI) is a multidivisional supplier of power train components to the automobile industry.
Following is selected information for the year just ended for each of the three divisions. Gear Axle and Housing.

The tai Board of Directors has decided to reward the employees or the divisions by allowing them to share in a bonus pool equal to S100.000 for each percentage point the return on investment (ROI) earned by their division exceeded the ROI of comparable firms as shown in the table below.

Rank the amounts in the bonus pools for the respective divisions from highest to lowest.

 
 
 
 

NO.42 in order for the IT manager in cnarge of a company’s disaster recovery plan to have complete planning documentation, he should ensure that the documentation includes all of the following except

 
 
 
 

NO.43 Which one of the following statements best describes data governance?

 
 
 
 

NO.44 A company has prepared the following pro forma income statements. It plans to sell 10,000 units in the current year and 11.500 units next year.

 
 
 
 

NO.45 For a manufacturing company what is the most Important advantage of using variable costing rather than absorption costing?

 
 
 
 

NO.46 A company’s return on investment will increase it expenses decrease by $100 and

 
 
 
 

NO.47 Harris Company sells two products with the following characteristics.

Harris Company’s total sales-mix variance for the year is

 
 
 
 

NO.48 Which statement below best describes the relationship among a company’s organizational structure, policies.
objectives and the effectiveness of the control environment?

 
 
 
 

NO.49 The amount of the loss on the impairment of an intangible asset equals the

 
 
 
 

NO.50 Which one of the following represents a temporary difference under U.S GAAP?

 
 
 
 

NO.51 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?

 
 
 
 

NO.52 Huaxia Manufacturing’s standard cost card for product GH1 includes the following:

During the month of June, Huaxia produced 12,300 units. The purchasing department purchased 30,400 yards of fabric for a total cost of $100,320. The production department used 25.300 yards of fabric in June. What is Huaxia’s direct materials price variance for the month of June?

 
 
 
 

NO.53 Return on investment (ROI) is a performance measure that requires managers to respond to several factors that are under their Influence or control Decisions Intended to influence ROI are often from a short-term perspective and may conflict with the long-term objectives of the organization. This lack of goal congruence can be minimized by

 
 
 
 

NO.54 would you recommend any changes to the job responsibilities of ZFl’s payroll administrator from an internal control perspective? Explain why.
Essay
Zhiliang Foods Inc. (ZFI) is a privately-held food distributor ZFI has two production departments’ the Meat Department is labor-intensive. while the Bakery Department is highly automated ZFI applies a single overhead allocation rate, using the number of pounds produced as an allocation base for the whole company The expected annual overhead costs of ZFI for 100 million pounds produced are as follows (¥ in millions).

ZFI has one payroll administrator in its Human Resources department, but most of the payroll related work is outsourced to a payroll service provider ZFI’s payroll administrator is responsible for tracking the list of current employees and maintaining the most up-to-date employee information, including bank accounts for payroll direct deposits.
Each pay period, the payroll administrator emails the information for all current employees’ hours worked to the payroll service provider. The service provider then processes the payroll, makes direct deposits to employees’ bank accounts, mails payroll stubs to employees’ homes and emails payroll reports to ZFI’s payroll administrator. The payroll administrator then makes payroll journal entries to ZFI’s accounting system based on the payroll reports received ZFI’s accountant prepares a bank reconciliation each month to ensure ZFI s payroll payments on ZFI’s bank statement match the amounts shown on the payroll reports from the service provider.
ZFl’s management is evaluating the purchase of data encryption software and human resources management software next year. The human resource management software is expected to provide various human resources and payroll-related functions.
In addition, the human resource software can generate a report to indicate the monthly employee turnover rate and the average service length of employees who have resigned. The system can also generate a report to indicate the main reasons for resignations and identify current employees who are at risk of resigning. The system will recommend actions to help retain these employees, such as more training opportunities or a pay raise.

NO.55 La Salle Company purchased 2.150 shares of Barry Chocolates Corporation’s common stock at $25.16 per share on November 17 of last year. The broker’s commission was $85. The shares were sold on January 11 of the current year for $27.50 per share. The broker’s commission on the sale was $76 Barry declared and paid dividends of $0 50 per share on March 26. June 25. September 25. and December 23 during the last two years La Salle’s current year income statement would reflect a realized gain of

 
 
 
 

IMA CMA-Financial-Planning-Performance-and-Analytics (CMA Part 1: Financial Planning – Performance and Analytics) Certification Exam is a professional certification examination that assesses the knowledge and skills of candidates in the field of financial planning and analysis. CMA Part 1: Financial Planning – Performance and Analytics Exam certification is recognized worldwide as a benchmark for excellence and is designed for professionals who are interested in advancing their careers in finance and accounting. Earning the CMA certification can lead to increased job opportunities and higher salaries, and requires continuing education to ensure professionals stay up-to-date with the latest industry trends and best practices.

 

Verified CMA-Financial-Planning-Performance-and-Analytics Dumps Q&As – 1 Year Free & Quickly Updates: https://www.it-tests.com/CMA-Financial-Planning-Performance-and-Analytics.html

         

Related Links: myportal.utt.edu.tt www.stes.tyc.edu.tw myportal.utt.edu.tt myportal.utt.edu.tt myportal.utt.edu.tt www.stes.tyc.edu.tw