Vendor: IMANET
Certifications: IMANET Certifications
Exam Code: CMA
Exam Name: Certified Management Accountant
Updated:
Q&As: 1336
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Which security is most often held as a substitute for cash?
A. Treasury bills.
B. Common stock.
C. Gold.
D. Aar corporate bonds.
How much does each additional sales dollar contribute toward profit for a firm with $4 million break-even level of revenues and $1 .2 million in fixed costs including depreciation?
A. $0.30
B. $0.33
C. $0.50
D. $0.67
A company has unlimited capital funds to invest. The decision rule for the company to follow in order to maximize shareholders' wealth is to invest in all projects having a(n)
A. Present value greater than zero.
B. Net present value greater than zero.
C. Internal rate of return greater than zero.
D. Accounting rate of return greater than the hurdle rate used in capital budgeting analyses.
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