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下載CMA Part 1: Financial Planning - Performance and Analytics Exam考試題庫

NEW QUESTION 31
Which one of the following statements describes now Section 302 of the Sarbanes-Oxley Act impacts a company's Internal control environment?

  • A. The board s financial expertise improves because a financial expert is appointed
  • B. Executives are more supportive since they certify their responsibility for the system
  • C. Greater external scrutiny results because a new auditor must be appointed annually
  • D. The auditor is more independent because non-audit services are prohibited

Answer: B

 

NEW QUESTION 32
Scully Tools Company is currently completing its master budget for the coming year Immediately before the master budget is approved, it is determined that December sales should be revised upward by S120.000 .
Scully purchases merchandise on a just-in-time basis, and remits cash immediately through electronic transfer All sales are on account. 20% of the sales are collected in the month of sale, and 80% in the month following the sale. Scully's gross profit percentage is 30%. What effect will this budget revision have on Scully's pro forma statement of cash flows?

  • A. Cash will decrease by $60,000
  • B. Cash will increase by $24,000
  • C. Cash will decrease by $84,000
  • D. Cash will increase by $36,000

Answer: C

 

NEW QUESTION 33
If a company s disaster recovery planning includes the use of a cold site the company will

  • A. relaunch its major business processes from a site with preinstalled equipment
  • B. restart its IT operations using the real-time mirroring performed at the cold site
  • C. resume Its business processes immediately at a remote site with no preinstalled equipment
  • D. restore its IT function after equipment is made ready at a site with prewired IT access

Answer: D

 

NEW QUESTION 34
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