Cima C03 question papers and answers

1. C03 Fundamentals of Business Mathematics

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4. How CIMA benefit your Business • Analysis - Understanding the history behind numbers and use it to make business decisions • Strategy – Using the insight from analysis to help formulate business strategy to create wealth and shareholder value. • Risk - The application of analytical skills to observe business processes end end a pair identify and manage risks. • Planning – using accounting techniques to plan and budget. • Communication – knowing what information management needs and explaining the numbers to non-financial managers. Pass Cima C03 Fundamentals of Business Mathematics in first attempt By the help of exams4sure Get Complete file from http://www.exams4sure.com/CIMA/C03-practice-exam-dumps.html

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6. Question No 1: A retailer buys a box of a product, which nominally contains Q units. The planned selling price of each unit is £P. If both P and Q have been rounded to ± 10%, then the maximum rounding error in total revenue is A. 10% B. 20% C. 21% D. 0∙1Q x 0∙1P http://www.exams4sure.com/CIMA/C03-practice-exam-dumps.html

7. Question No 2: The telephone costs of a company last year were £10,000, including Value Added Tax (VAT) at 17∙5%. It has been decided to allocate 60% of these telephone costs, excluding VAT, to Central Administration and to allocate 30% of the remainder, excluding VAT, to Finance. The telephone costs (to the nearest £) to be allocated to Finance will be closest to A. 10% B. 20% C. 21% D. 0∙1Q x 0∙1P http://www.exams4sure.com/CIMA/C03-practice-exam-dumps.html

8. Question No 3: The following formula is used in the financial analysis of dividends: R= (V/P)+G When the formula is rearranged, with P in terms of the other variables, P is equal to A. (R/V)-G B. (R-G)/V C. (V/R)-G D. V/R-G http://www.exams4sure.com/CIMA/C03-practice-exam-dumps.html

9. Question No 4: A company’s market value has fallen from £32 billion to £2 billion in four years. The average annual percentage decline in market value is closest to A. 20%. B. 40%. C. 50%. D. 100%. http://www.exams4sure.com/CIMA/C03-practice-exam-dumps.html

10. Question No 5: If 3x + 2y = 6 and x – 2y = 2. The solution, in the form (x,y), to the above simultaneous equations is CBA Model Question Paper – CO3 http://www.exams4sure.com/CIMA/C03-practice-exam-dumps.html

11. Question No 6: The estimated total cost of each unit of a product is £12 (± £1), and the estimated selling price of each unit is £20 (± £3). The estimated profit per unit will be A. £8 (± £4) B. £8 (± £3) C. £8 (± £2) D. £8 (± £1) http://www.exams4sure.com/CIMA/C03-practice-exam-dumps.html

12. Question No 7: A trader’s weekly costs, TC, are less than or equal to $100. Weekly revenue, R, is a minimum of $120. Which ONE of the following statements is true? A. TC < $100 and R > $120 and R > TC B. TC ≥ $100 and R ≤ $120 and TC > R C. TC ≤ $100 and R > $120 and R < TC D. TC ≤ $100 and R ≥ $120 and R > TC http://www.exams4sure.com/CIMA/C03-practice-exam-dumps.html

13. Question No 8: In a group of 100 players, 30 are male, 55 are at pro level, and 6 of the males are at beginner level. A player chosen at random is female. What is the probability that she is not at pro level. A. 80 B. 56 C. 44 D. 20 http://www.exams4sure.com/CIMA/C03-practice-exam-dumps.html

14. Question No 9: Three people are carrying out independent functions during an internal audit. It is known that in each of the three separate areas being investigated there is a serious error. From past experience, it is estimated that the (independent) chances of the individuals finding the serious error in their area are 0∙8, 0∙7 and 0∙6. The probability that at least one of the serious errors will be found is A. (0∙8 x 0∙3 x 0∙4) + (0∙2 x 0∙7 x 0∙4) + (0∙2 x 0∙3 x 0∙6) B.1 – (0∙2 x 0∙3 x 0∙4) C. 1 – (0∙8 x 0∙7 x 0∙6) D. none of the above. http://www.exams4sure.com/CIMA/C03-practice-exam-dumps.html

15. Question No 10: The number of daily complaints to a railway company has an average (arithmetic mean) of 12 and a standard deviation of 3 complaints. The coefficient of variation, measured as a percentage, is therefore A. 0∙25%. B. 4%. C. 25%. D. 400%. http://www.exams4sure.com/CIMA/C03-practice-exam-dumps.html

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