Cima P1 Exam Dumps - TeacherTube
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Transcript of Cima P1 Exam Dumps - TeacherTube
Cima P1 Exam Dumps Real Questions with Correct Answers
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Cima P1 Dumps Real exam Questions with correct Answers.
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Question 1
Which ONE of the following is NOT considered to be a cost of holding inventory?
A. Loss of goodwill as a result of being unable to complete customer orders due to lack of inventoryB. Insurance cost of inventoryC. Storage cost of inventoryD. Interest on cash invested in inventory
Answer A
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Question 2
Which of the following is not a symptom of overtrading?
A. Increasing levels of inventoryB. Increasing levels of trade receivablesC. Increasing levels of current liabilitiesD. Increasing levels of long term borrowings
Answer D
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Question 3
Which ONE of the following is NOT considered to be a cost of holding inventory?
A. Loss of goodwill as a result of being unable to complete customer orders due to lack of inventoryB. Insurance cost of inventoryC. Storage cost of inventoryD. Interest on cash invested in inventory
Answer A
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Question 4
A company is considering offering its customers an early settlement discount. The company currently receives payments from customers on average 65 days after the invoice date. The company is considering offering a 2% early settlement discount for payment within 30 days of the invoice date. The effective annual interest rate of the early settlement discount using compound interest methodology and assuming a 365 day year is:
A. 22.94%B. 20.86%C. 23.45%D. 27.85% Answer C
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Question 5
A certificate of deposit is best described as:
A. A debt instrument which offers a fixed rate of interest over a fixed period of time and with a fixed redemption value.B. A negotiable instrument which provides evidence of a fixed term deposit with a bank.C. A document which sets out a commitment to deposit a sum of money at a specified point in time.D. A certificate which shows ownership of part of the share capital of a company.
Answer A
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Question 6
AB is preparing its cash budget for the next quarter. Which of the following items should NOT be included in the cash budget?
A. Payment of tax due on last year’s profitsB. Gain on the disposal of a piece of machineryC. Repayment of the capital amount of a loanD. Receipt of interest from short term investments
Answer B
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Question 7
A company has a money cost of capital of 9%. The rate of inflation is 3%. The company’s real cost of capital is nearest to?
A. 6.0%B. 12.0%C. 12.3%D. 5.8%
Answer D
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Question 8
The correct definition of a bill of exchange is?
A. A negotiable instrument which provides evidence of a fixed-term deposit with a bankB. A document setting out a commitment to pay a sum of money at a specified point in timeC. A debt obligation with a long term maturity usually issued by companies and governmentsD. A legal document showing the right to receive interest and capital repayment
Answer B
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Question 9
FP has decided not to use the EOQ and has decided to order 2,600 calculators each time an order is placed. The total ordering and holding costs per annum will be:
A. $5,240B. $19,800C. $208,014D. $3,420
Answer D
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Question 10
The economic order quantity (EOQ) for this model of calculator will be?
A. 2,438 unitsB. 771 unitsC. 67 unitsD. 2,060 units
Answer A