Cima P1 Exam Question No 37

Question No 37:

The economic order quantity (EOQ) for this model of calculator will be?

A. 2,438 units
B. 771 units
C. 67 units
D. 2,060 units

Answer: A

Cima P1 Exam Question No 36

Question No 36:

A company’s management is considering investing in a project with an expected life of 4 years. It has a positive net present value of $180,000 when cash flows are discounted at 8% per annum. The project’s cash flows include a cash outflow of $100,000 for each of the four years. No tax is payable on projects of this type.
 
The percentage increase in the annual cash outflow that would cause the company’s management to reject the project from a financial perspective is, to the nearest 0.1%:

A. 54.3%
B. 45.0%
C. 55.6%
D. 184.0%

Answer: A

Cima P1 Exam Question No 35

Question No 35:

A decision maker who makes decisions using the expected value criterion would be classified as:

A. Risk averse
B. Risk seeking
C. Risk neutral
D. Risk spreading

Answer: C

How much does the average qualified management accountant in Scotland earn?

The qualified Chartered Institute of Management Accountants members earn an average base salary of £ 55,720 in 2015, more than double the national average wage in the UK of £ 27,200, a survey conducted by the professional association found.

CIMA added that on top of the basic salary, 56 percent of students in Scotland CIMA expects to receive a bonus in 2015, with the average payment is 8 percent of annual salary.

Cima P1 Exam Question No 34

Question No 34:

The correct definition of a bill of exchange is?

A. A negotiable instrument which provides evidence of a fixed-term deposit with a bank
B. A document setting out a commitment to pay a sum of money at a specified point in time
C. A debt obligation with a long term maturity usually issued by companies and governments
D. A legal document showing the right to receive interest and capital repayment

Answer: B