高頓網(wǎng)校CMA責(zé)任小編為各位要參加11月22日CMA中文考試的考生們整理分享*7Part2的考試經(jīng)驗(yàn)，希望能夠給大家?guī)?lái)幫助，同時(shí)預(yù)祝各位考生順利通過(guò)考試！
　　選擇題
　　1.ethic 考到了3道，一道是關(guān)于FCPA反腐敗法的，一個(gè)manager為了談生意，賄賂了國(guó)外政府官員，問(wèn)這違反了什么？
　　一道是要制定compliance政策，給出了幾個(gè)選項(xiàng)問(wèn)哪個(gè)可行，比如職工問(wèn)卷調(diào)查什么的
　　2.financial statement
　　2-1問(wèn)了下列哪個(gè)不是US GAAP 和IFRS 關(guān)于financial position的共同點(diǎn)。BS 應(yīng)該按照流動(dòng)性大小排列。都是應(yīng)按照historical 計(jì)量。都應(yīng)該至少每年準(zhǔn)備資產(chǎn)負(fù)債表。還有一個(gè)記不清了。
　　2-2.問(wèn)financial statement的limitation
　　3.問(wèn)prefered stock的特點(diǎn)。 comprehensive,convertible,callable, cumulative等
　　4.
　　companyA                      companyb
　　asset           16800             16200
　　liability        10000            9800
　　ROCE              2.15               2.12
　　based on the above information, company a outsells company b. the following which is right
　　a. company a has a higher leverage than company b
　　b. company a has a higher profit margin than company b
　　c.company a has a higher asset turnover
　　d. company a has a lower equity multiper
　　答案應(yīng)該是b
　　5. 公司購(gòu)買(mǎi)2年的短期投資，今年股利0.5. 股票價(jià)格20. 要求回報(bào)率10%。 問(wèn)股票的現(xiàn)值
　　6.curreny題目。 今天1美元=30.2個(gè)印度。 第二年1印度=0.029美元，問(wèn)哪個(gè)國(guó)家的出口多。算一下發(fā)現(xiàn)美元升值，那么印度國(guó)家的出口多。
　　7.有一道股利增長(zhǎng)模型的計(jì)算
　　8.如果beta=1.2， 那么market rate變化對(duì)required rate 有什么影響
　　9. 考了2道價(jià)格彈性的計(jì)算。 提醒不要那差值去除哦??！要先各自除加權(quán)平均數(shù)再去除?。?！
　　10. 給出2個(gè)項(xiàng)目各自的權(quán)重，SD， COV,計(jì)算2個(gè)項(xiàng)目的SD
　　11.一道問(wèn)那幾個(gè)是可以增加diversifiable程度
　　A. 歷史數(shù)據(jù)表明他們的retrun 不相關(guān)
　　B。他們各自是正的Beta和負(fù)的beta
　　C. 來(lái)自不同行業(yè)
　　D。
　　多選題
　　12.duration題目。
　　一個(gè)bonds期限10年，YTD是10%。 *9年manager算了它的duration。 如果YTD不變，那么問(wèn)晚一年算那么bonds的PV 和duraton有什么變化
　　13.risk還有一道是講一家公司位于洪水頻發(fā)區(qū)，但是從技術(shù)上講，購(gòu)買(mǎi)洪水保險(xiǎn)并不可行，CEO讓manager采取措施，manager仍然購(gòu)買(mǎi)了洪水保險(xiǎn)并報(bào)告給CEO，問(wèn)他這么做有什么影響。答案應(yīng)該是risk has been shared but it does not reduce the redisual risk of the firm.
　　14.option。以公司為了防止投資價(jià)格下滑。 他應(yīng)該做什么？
　　A。 buy put option 和write call option
　　B. Buy and write put option
　　C. buy call option and write put option
　　D.buy and write call option
　　15.WACC的計(jì)算， 很多題目不是很直接，都是幾個(gè)項(xiàng)目一起，然后選擇
　　16. 公司現(xiàn)在有g(shù)ross margin， 然后要投資50m。 給出4個(gè)option。 問(wèn)哪個(gè)EPS *5
　　a. issue 2m股 $25 common stock
　　b.issue 50m bonds, YTD9%
　　c. issue 50m bonds morgated by fixed asset, YTD8%
　　d. issue 一些bonds， 并同時(shí)issue common stock
　　17. EOQ 題目，問(wèn)下列哪個(gè)decrease 會(huì)增加EOQ. 答案是carring cost
　　18.Megatech Inc. is a large publicly-held firm. The treasurer is making an analysis of the short-term financing options available for the third quarter, as the company will need an average of $8 million for the month of July, $12 million for August, and $10 million for September. The following options are available.
　　I. Issue commercial paper on July 1 in an amount sufficient to net Megatech $12 million at an effective rate of 7% per year. Any temporarily excess funds will be deposited in Megatech’s investment account at First City Bank and earn interest at an annual rate of 4%.
　　II. Utilize a line of credit from First City Bank with interest accruing monthly on the amount utilized at the prime rate, which is estimated to be 8% in July and August and 8.5% in September.
　　Based on this information, which one of the following actions should the treasurer take?
　　a. Issue commercial paper, since it is approximately $35,000 less expensive than the line of credit.
　　b. Issue commercial paper, since it is approximately $14,200 less expensive than the line of credit.
　　c. Use the line of credit, since it is approximately $15,000 less expensive than issuing commercial paper.
　　d. Use the line of credit, since it is approximately $5,800 less expensive than issuing commercial paper.
　　19.Eagle Brand Inc. produces two products. Data regarding these products are presented below.
　　Product X Product Y
　　Selling price per unit $100 $130
　　Variable costs per unit $80 $100
　　Raw materials used per unit 4 lbs. 10 lbs.
　　Eagle Brand has 1,000 lbs. of raw materials which can be used to produce Products X and Y.
　　Which one of the alternatives below should Eagle Brand accept in order to maximize contribution margin?
　　a. 100 units of product Y.
　　b. 250 units of product X.
　　c. 200 units of product X and 20 units of product Y.
　　d. 200 units of product X and 50 units of product Y.
　　20.Cervine Corporation makes motors for various products. Operating data and unit cost information for its products are presented below.
　　Product A Product B
　　Annual unit capacity 10,000 20,000
　　Annual unit demand 10,000 20,000
　　Selling price $100 $80
　　Variable manufacturing cost 53 45
　　Fixed manufacturing cost 10 10
　　Variable selling & administrative 10 11
　　Fixed selling & administrative 5 4
　　Fixed other administrative 2 -
　　Unit operating profit $ 20 $10
　　Machine hours per unit 2.0 1.5
　　Cervine has 40,000 productive machine hours available. What is the maximum total contribution margin that Cervine can generate in the coming year?
　　a. $665,000.
　　b. $689,992.
　　c. $850,000.
　　d. $980,000.
　　21.Harper Products’ cost information for the normal range of output in a month is shown below.
　　Output in units Total Cost
　　20,000 $3,000,000
　　22,500 3,325,000
　　25,000 3,650,000
　　What is Harper’s short-run marginal cost?
　　a. $26.
　　b. $130.
　　c. $146.
　　d. $150.
　　22.At the long-run profit maximizing equilibrium of a firm in a perfectly competitive market, all of the following are correct except that
　　a. price equals marginal cost.
　　b. price equals average total cost.
　　c. economic profits are positive.
　　d. marginal cost equals marginal revenue
　　23. 之后就是很多IRR, RISK, NPV ， payback 結(jié)合在一起，但題目不是直接讓你去求的，給你好幾個(gè)選擇，讓你去選。這樣的題目很多。 make or buy等各種決策
　　24. product mix 的BEP
　　essay 就是之前總結(jié)的
　　總結(jié)：考CMA*5的感受就是一定要理解題目的意思，很多題目都很長(zhǎng)，從問(wèn)題出發(fā)去找數(shù)據(jù)這個(gè)能力很重要，還有有些題目沒(méi)有必要去算，因?yàn)槿ニ愫芑〞r(shí)間，這是就要靠猜了，但猜也要有依據(jù)的猜，這需要平時(shí)大量的做題目找感覺(jué)。 反正考試就是考的很泛， 每個(gè)知識(shí)點(diǎn)都會(huì)涉及， 所以平時(shí)多做題，多總結(jié)，并回歸課本找自己的薄弱點(diǎn)，認(rèn)證的準(zhǔn)備，相信一定可以過(guò)的。 大家加油?。。。?/div>
　　小編溫馨寄語(yǔ)：夢(mèng)想不知道在哪里，但你要一直在路上。

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