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CMA-NewPart2-模拟考试08

2013-01-29 14:27 来源:中国会计网 作者:编辑部 | 会计通-中国会计行业门户 | 会计论坛

第71题
Which of the following would result in greater elasticity of resource demand?
1
 There are a great number of substitute resources available.
2、
 Demand for the product that the resource is producing is inelastic.
3、
 Marginal product declines rapidly.
4、
 The resource represents a small proportion of total production costs.

第72题
TinyTotCo faces an inelastic demand curve for its toddler products. If the firm lowers prices on toddler products, its revenue will 
1
 There is insufficient information to determine the answer.
2、
 increase
3、
 decrease
4、
 not be affected

第73题
Which of the following pricing approaches is generally used when some level of product or service differentiation exists and a company can exercise modest discretion in setting prices? 
1
 Market-based pricing
2、
 Peak-load pricing
3、
 Target pricing
4、
 Cost-based pricing

第74题
Which of the following pricing approaches is generally used in a competitive environment to enable businesses to manage operations profitably?
1
 Traditional costing
2、
 Market-based pricing
3、
 Peak load pricing
4、
 Target pricing

第75题
Market-based pricing does not consider 
1
 internal capacity limits
2、
 customer reactions to pricing strategies.
3、
 customer needs and wants
4、
 competitive rivalries

第76题
For a firm evaluating different capital budget proposals, what is the first stage of the capital budgeting process? 
1
 Review historical results from other capital projects.
2、
 Identify which type of capital budget expenditures are necessary.
3、
 Develop capital budgets.
4、
 Assess how the projects will affect the organization's resources and whether the firm can absorb the costs.

第77题
All of the following incremental cash flows would be examined during the operation phase of a capital investment project except
1
 net increase or decrease in taxes.
2、
 net proceeds from the sale of old assets.
3、
 net increase or decrease in operating expenses (excluding depreciation).
4、
 net increase or decrease in operating revenue.

第78题
The management of Giga Foods announced that it is dropping the price of its product line from $15 to $10 per unit, and as a result of the price drop, sales volume will now be 120,000 units. Suppose the company is targeting an operating income of $1.20 per unit. What is the company's target operating income in percentage?

1 10 percent
2 12 percent
3 11 percent
4 15 percent

第79题
Kell Inc. is analyzing an investment for a new product expected to have annual sales of 100,000 units for the next 5 years and then be discontinued. New equipment will be purchased for $1,200,000 and cost $300,000 to install. The equipment will be depreciated on a straight-line basis over 5 years for financial reporting purposes and 3 years for tax purposes. At the end of the fifth year, it will cost $100,000 to remove the equipment, which can be sold for $300,000. Additional working capital of $400,000 will be required immediately and needed for the life of the product. The product will sell for $80, with direct labor and material costs of $65 per unit. Annual indirect costs will increase by $500,000. Kells effective tax rate is 40%. In a capital budgeting analysis, what is the expected cash flow at time = 5 (fifth year of operations) that Kell should use to compute the net present value?
1、
 $1,120,000 
2、
 $1,240,000 
3、
 $800,000 
4、
 $720,000

第80题

AGC Company is considering an equipment upgrade. AGC uses discounted cash flow (DCF) analysis in evaluating capital investments and has an effective tax rate of 40%. Selected data developed by AGC is as follows. Based on this information, what is the initial investment for a DCF analysis of this proposed upgrade? 
1
 $95,800 
2、
 $96,200 
3、
 $92,800 
4、
 $92,400


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