Exam (elaborations)
Certified Management Accountant questions with correct answers
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- Institution
TC=(VCs xQs) + FCs Correct Answer-Master Budget uses standard quantity TC=(VCs x Qa) + FCs Correct Answer-Flexible Budget uses actual quantity ROA Correct Answer-ROA =Profit Margin x Asset Turnover Income/Assets = Income/Sales x Sales/Total Assets ROA numerator issues Correct Answer-The...
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