그리고 Itcertkr CIMAPRA19-F03-1 시험 문제집의 전체 버전을 클라우드 저장소에서 다운로드할 수 있습니다: https://drive.google.com/open?id=1nr1xO8aPWLxAfHPACPsXke-hdfFWT_It
CIMA CIMAPRA19-F03-1인증시험을 어떻게 준비하면 될가 아직도 고민하고 계시죠? 학원에 등록하자니 시간도 없고 돈도 많이 들고 쉽게 엄두가 나지 않는거죠? Itcertkr제품을 구매하신다면 그런 부담을 이제 끝입니다. Itcertkr덤프는 더욱 가까지 여러분들께 다가가기 위하여 그 어느 덤프판매 사이트보다 더욱 저렴한 가격으로 여러분들을 맞이하고 있습니다. CIMA CIMAPRA19-F03-1덤프는Itcertkr제품이 최고랍니다.
| Certification Vendor: | CIMA (Chartered Institute of Management Accountants) |
|---|---|
| Exam Name: | Financial Strategy |
| Exam Number: | F3 |
| Exam Format: | Drag-and-Drop, Number Entry, Multiple Response, Multiple Choice |
| Available Languages: | English |
| Exam Price: | £115 (Strategic Level Objective Test fee) |
| Passing Score: | 100 (Scaled score out of 150, approx. 67%) |
| Exam Duration: | 90 minutes |
| Related Certifications: | CGMA (Chartered Global Management Accountant) CIMA Professional Qualification |
| Certificate Validity Period: | N/A (Subject to annual subscription) |
| Real Exam Qty: | 60 |
| Sample Questions: | CIMA CIMAPRA19-F03-1 Sample Questions |
| Exam Way: | Computer-based (On demand at Pearson VUE test centres or Online) |
| Pre Condition: | Completion of Management Level (E2, P2, F2 plus Management Case Study) |
| Official Syllabus URL: | https://www.astranti.com/cima/strategic/objectivetests/syllabus/f3 |
>> CIMA CIMAPRA19-F03-1시험대비 인증공부 <<
모두 아시다시피CIMA CIMAPRA19-F03-1인증시험은 업계여서도 아주 큰 비중을 차지할만큼 큰 시험입니다. 하지만 문제는 어덯게 이 시험을 패스할것이냐이죠.CIMA CIMAPRA19-F03-1인증시험패스하기는 너무 힘들기 때문입니다. 다른사이트에 있는 자료들도 솔직히 모두 정확성이 떨어지는건 사실입니다. 하지만 우리Itcertkr의 문제와 답은 IT인증시험준비중인 모든분들한테 필요한 자료를 제공할수 있습니디. 그리고 중요한건 우리의 문제와 답으로 여러분은 한번에 시험을 패스하실수 있습니다.
CIMA CIMAPRA19-F03-1 (F3 Financial Strategy) 인증 시험은 재무 분석 및 계획, 투자 평가, 위험 관리 및 금융 결정을 포함한 다양한 주제를 다루도록 설계되었습니다. 이 시험은 또한 후보자의 재무 데이터를 분석하고 해석하고이를 사용하여 전략적 결정을 내리는 능력을 평가합니다. 성공적인 후보자들은 금융에 대한 깊은 이해를 갖고 그들의 지식을 실제 시나리오에 적용 할 수 있습니다. 인증은 전 세계적으로 인정되며 전문가에게 금융 업계에서 경쟁력있는 우위를 제공합니다.
질문 # 430
Extracts from a company's profit forecast for the next financial year as follows:
Since preparing the forecast, the company has decided to return surplus cash to shareholders by a share repurchase arrangement.
The share repurchase would result in the company purchasing 20% of the 1,250 million ordinary shares currently in issue and canceling them.
Assuming the share repurchase went ahead, the impact on the company's forecast earnings per share will be an increase of:
정답：C
설명：
Earnings attributable to ordinary shareholders = profit after preference dividend = $500m.
Current number of shares = 1,250m.
Current EPS = 500 / 1,250 = $0.40 per share.
Share repurchase: 20% of 1,250m = 250m shares bought back and cancelled.
New number of shares = 1,250m # 250m = 1,000m shares.
Assuming profit is unchanged:
New EPS = 500 / 1,000 = $0.50 per share.
Increase in EPS = 0.50 # 0.40 = $0.10 # $0.100.
질문 # 431
CI IJ has decided to move its production plant to overseas country X. This would make the product cheaper to produce. The technology used to make the product is very advanced and some of the skilled staff would have to move to country X.
The Production Director has identified that there are some political risks in moving to county X.
For each of the political risks of moving to country X shown below, select the correct method for reducing the risk.
정답：
설명：
Explanation:
"The government of country X could refuse to grant visas to GHJ's staff who need to move to country X."
# Method: Employ at least 80% local people in the production plant
Relying mainly on local employees reduces dependence on foreign staff and makes visa refusal less damaging and less likely politically.
"The government of country X could introduce high taxes for outside companies which would make it difficult for GHJ to continue production in country X."
# Method: Take out a loan with a bank in country X
Local banks become important stakeholders. If high taxes threaten GHJ's viability and ability to service the loan, the local bank has an incentive to lobby the government, reducing this political risk.
"Local staff could find out how to make the product and use that knowledge to start a production plant of their own."
# Method: Import partly completed products from GHJ's home country
Keeping key stages of production or core technology in the home country limits how much know-how local staff can copy.
"The government of country X could refuse to renew visas for staff brought from GHJ's home country."
# Method: Employ at least 80% local people in the production plant
Again, the more the operation depends on local staff, the less vulnerable it is to visa non-renewal and the more politically acceptable the operation is.
질문 # 432
Listed Company A has prepared a valuation of an unlisted company. Company B. to achieve vertical integration Company A is intending to acquire a controlling interest in the equity of Company B and therefore wants to value only the equity of Company B.
The assistant accountant of Company A has prepared the following valuation of Company B's equity using the dividend valuation model (DVM):
Where:
* S2 million is Company B's most recent dividend
* 5% is Company B's average dividend growth rate over the last 5 years
* 10% is a cost of equity calculated using the capital asset pricing model (CAPM), based on the industry average beta factor
Which THREE of the following are valid criticisms of the valuation of Company B's equity prepared by the assistant accountant?
정답：A,B,C
질문 # 433
Company C is a listed company. It is currently considering the acquisition of Company D. The original founder of Company C currently owns 52% of the shares.
Alternative forms of consideration for Company D being considered are as follows:
* Cash payment, financed by new borrowing
* issue of new shares in Company C
Which of the following is an advantage of a cash offer over a share-for exchange from the viewpoint of the original founder of Company C?
정답：A
설명：
Founder of Company C owns 52% and wants to keep control.
A share-for-share exchange means issuing new shares # dilutes the founder's holding and may reduce control.
A cash offer financed by borrowing does not issue new shares # founder's percentage holding (and control) is preserved.
That is exactly what option A states.
질문 # 434
A company has:
* $6 million market value of equity
* $4 million market value of debt
* WACC of 11.04%
* Corporate income tax rate of 20%
According to Modigliani and Miller's theory of capital structure with tax, what is the ungeared cost of equity?
정답：C
설명：
Working
Market value of equity E=6mE = 6mE=6m; debt D=4mD = 4mD=4m; so total V=10mV = 10mV=10m.
DV=410=0.4T=20%=0.20\frac{D}{V} = \frac{4}{10} = 0.4 \qquad T = 20\% = 0.20VD=104=0.4T=20%=0.
20
Under Modigliani-Miller with tax, the relationship between ungeared cost of equity KuK_uKu and the after- tax WACC is:
WACC=Ku (1#TDV)\text{WACC} = K_u\,(1 - T \tfrac{D}{V})WACC=Ku(1#TVD)
So:
Ku=WACC1#TDV=11.04%1#0.20×0.4=11.04%0.92=12.00%K_u = \frac{\text{WACC}}{1 - T\frac{D}
{V}} = \frac{11.04\%}{1 - 0.20 \times 0.4} = \frac{11.04\%}{0.92} = 12.00\%Ku=1#TVDWACC=1#0.20×0.
411.04%=0.9211.04%=12.00%
So the ungeared cost of equity is 12.00%.
질문 # 435
......
CIMAPRA19-F03-1최신 덤프샘플문제 다운: https://www.itcertkr.com/CIMAPRA19-F03-1_exam.html
2026 Itcertkr 최신 CIMAPRA19-F03-1 PDF 버전 시험 문제집과 CIMAPRA19-F03-1 시험 문제 및 답변 무료 공유: https://drive.google.com/open?id=1nr1xO8aPWLxAfHPACPsXke-hdfFWT_It