Updated CIMA P2 all Dumps Exam with PDF file - Cimadumps.us

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2. Sample Questions - CimaDumps.us • Question # 1: • An organization employs a dual pricing basis for the transfer of components between its divisions.  This means that: • A. The transfer price is based on the cost of the product plus a mark-up for profit. • B. The transfer price is based on marginal cost with a separate charge to allow for fixed costs. • C. Each division has a separate transfer price for a single transaction. • D. The transfer price is based on the market price less a discount. • Answer: C

3. Question # 2: • A large company that sells a single product has many customers. The contribution per unit of the product is $40. Data for the company as a whole are given below. • Using customer profitability analysis, what is the total annual profit for this customer? • A. $1,780,000 • B. $1,660,000 • C. $2,340,000 • D. $1,460,000 • Answer: B

4. Question # 3: • Company S has two divisions, X and Y. Division X transfers 50,000 component units to Division Y each quarter. The market price of the component is $20. Division X's variable cost is $10 per unit and its fixed cost is $150,000 each quarter. • What price would be credited to Division X for each component that it transfers to Division Y under: two-part tariff pricing (where the two divisions have agreed that the fixed fee will be $100,000); and dual pricing (based on market price and marginal cost). • A. Two-part tariff pricing = $13 Dual pricing = $22 • B. Two-part tariff pricing = $10 Dual pricing = $22 • C. Two-part tariff pricing = $12 Dual pricing = $18 • D. Two-part tariff pricing = $10 Dual pricing = $20 • Answer: D

5. Question # 4: The following cash flows are forecast for a potential investment project. The cost of capital for the project is 12% per year and the company uses a straight line depreciation policy. What is the modified internal rate of return (MIRR) of the project? Give your answer to the nearest whole percentage. Answer: 19%

6. Question # 5: • Beyond Budgeting is essentially an approach that places modern management practices within a cultural framework. Analyze the following statements: • 1. The organization structure should have clear principles and boundaries. • 2. Managers should be given a high degree of freedom to make decisions. • 3. Frontline managers should be made responsible for relationships with customers. • 4. Information system should be transparent and ethical. • Which of the above statements relate to Beyond Budgeting? • A. 1, 2 and 4 only • B. All the statements • C. 1, 2 and 3 only • D. 2, 3 and 4 only • Answer: B

7. Question # 6: • Which of the following statements is correct? A. Risk cannot be quantified and probabilities cannot be assigned reliably to the possible outcomes. B. Risk can be quantified and probabilities can be assigned reliably to the possible outcomes. C. Uncertainty can be quantified and probabilities can be assigned reliably to the possible outcomes. D. Uncertainty cannot be quantified and probabilities can be assigned reliably to the possible outcomes. Answer: B

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