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  1. Home
  2. IIA Certification
  3. IIA-CIA-Part3 Exam
  4. IIA.IIA-CIA-Part3.v2025-10-13.q454 Dumps
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Question 81

Which of the following statements is true regarding the resolution of interpersonal conflict?

Correct Answer: A
Explanation/Reference:
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Question 82

The treasury analyst for a manufacturing entity has estimated the cash flows for the first half of next year (ignoring any short-term borrowings) as follows:

The entity has a line of credit of up to US $4 million on which it pays interest monthly at a rate of 1% of the amount used. The entity is expected to have a cash balance of US $2 million on January 1, with no amount of its line of credit used. Assuming all cash flows occur at the end of the month approximately how much will the entity pay in interest during the first half of the year?

Correct Answer: B
The sum of the beginning balance and inflows exceeds the outflows for the first 2 months. At the end of March, however, the entity must use US $2.000.000 of its line of credit US
62.000.000 beginning balance $6,000,000 inflows - $10.000.000 outflows. Thus, interest for April is US $20.000 1% x $2.000,000). The net cash outflow for April ignoring short-term borrowings) is US $1.000.000 of an additional US $1,000,000 of the line of credit. However, the US $20.000 of interest for April must also be paid, so the amount of the line of credit used in May is US $3,020,000 $2.000,000 + $1.000.000 + $20.000)_ Interest for May is therefore US $30.200 1% $2,000.000 ) The net cash inflow for May of US $2,000,000 again ignoring short-term borrowings) and the borrowing of US $30.200 to pay the interest for May, the amount of the line of credit used in June is US $1.050.200_ Interest in June is US $10.502 1% $1,050,200), and total interest is US $60,702 $20,000 $ $30,200 $10,502). Consequently, the closest answer is US $61.000.
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Question 83

Which of the following lists best describes the classification of manufacturing costs?

Correct Answer: A
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Question 84

Which of the following standards would be most useful in evaluating the performance of a customer- service group?

Correct Answer: C
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Question 85

Barnes Corporation expected to sell 150,000 board games during the month of November. and the company's master budget contained the following data related to the sale and production of these games:

Actual sales during November were 180.000 games. Using a flexible budget, the company expects the operating income for the month of November to be:

Correct Answer: C
Revenue of US $2,400,000 reflects a unit selling price of US $16 $2.400,000 150.000 games). The contribution margin is US $975,000, or US $6.50 per game $975,000 150,000 games). Thus, unit variable cost is US $9.50 $16 - $6.50). Increasing sales will result in an increased contribution margin of US $195,000 30,000 x $6.50). Assuming no additional fixed costs, net income will increase to US $420,000 $225,000 originally reported +$195,000).
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