Pass the AACE International AACE Certification CCP Questions and answers with CertsForce

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Viewing questions 21-30 out of questions
Questions # 21:

Two of the most important things to know when planning a speech or lecture are the ______________and______________ of your audience.

Options:

A.

Motivation, professionalism


B.

Background, attitude


C.

Political preference, sense of humor


D.

Culture, understanding


Expert Solution
Questions # 22:

An agricultural corporation that paid 53% in income tax wanted to build a grain elevator designed to last twenty-five (25) years at a cost of $80,000 with no salvage value. Annual income generated would be $22,500 and annual expenditures were to be $12,000.

Answer the question using a straight line depreciation and a 10% interest rate.

The following question requires your selection of CCC/CCE Scenario 17 (4.2.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.

Depreciation (in the United States) is calculated in accordance with which of the following?

Options:

A.

Modified Accelerated Cost Recovery System (MACRS)


B.

The Federal IRS Reform Act (FIRSRA)


C.

Generally Accepted Accounting Practices (GAAP)


D.

Accelerated Cost Recovery System (ACRS)


Expert Solution
Questions # 23:

An agricultural corporation that paid 53% in income tax wanted to build a grain elevator designed to last twenty-five (25) years at a cost of $80,000 with no salvage value. Annual income generated would be $22,500 and annual expenditures were to be $12,000.

Answer the question using a straight line depreciation and a 10% interest rate.

Which of the following would NOT be considered part of a project cost and schedule forecast?

Options:

A.

Usage of contingency


B.

Current trends of time and money


C.

Peripherals report


D.

Changes to the project execution plan


Expert Solution
Questions # 24:

After collecting the control information on a light rail project within an original budget of 200.000 work hours, the construction contractor is ready for their monthly progress meeting with the client.

A total of 100.000 work hours have boon scheduled to date. with 105.000 work hours earned, and 110.000 work hours paid. The stated progress by the contractor Is 60%.

What is a method for figuring estimate at completion (EAC)?

Options:

A.

BCWP + (BAG - ACWP)


B.

ACWP + (BAC - BCWS)


C.

BCWS + (BAG -ACWP)


D.

ACWP + (BAC - BCWP)


Expert Solution
Questions # 25:

Question # 25

The following question requires your selection of CCC/CCE Scenario 4 (2.7.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.

What is the cost index value of copper at the end of Year 2? (rounded to 2 decimal positions)

Options:

A.

4.62


B.

4.24


C.

4.10


D.

4.31


Expert Solution
Questions # 26:

An agricultural corporation that paid 53% in income tax wanted to build a grain elevator designed to last twenty-five (25) years at a cost of $80,000 with no salvage value. Annual income generated would be $22,500 and annual expenditures were to be $12,000.

Answer the question using a straight line depreciation and a 10% interest rate.

The following question requires your selection of CCC/CCE Scenario 17 (4.2.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.

Present worth calculations is represented by which of the following equations?

Question # 26

Options:

A.

Option A


B.

Option B


C.

Option C


D.

Option D


Expert Solution
Questions # 27:

A used concrete pumping truck can be purchased for $125,000. The operation costs are expected to be $65,000 the first year and increase 5% each year thereafter. As a result of the purchase, the company will see an increase in income of $100,000 the first year and 5% more each subsequent year. The company uses straight-line depreciation. The truck will have a useful life of five (5) years and no salvage value. Management would like to see a 10% return on any investment. The company's tax rate is 28%.

Which of the following statements of the measures of central tendency is correct?

Options:

A.

The mean is the measure that of the large data set


B.

The median is the measure that is mostly affected by extreme values


C.

The mode only uses the two extreme values and ignores the test of the data set


D.

The mode would be frequently applied in marketing to determine shirt sizes or shoes sizes


Expert Solution
Questions # 28:

Which of the following is NOT an aspect of quality management?

Options:

A.

Quality assurance


B.

Quality planning


C.

Quality checking


D.

Quality control


Expert Solution
Questions # 29:

A contract clause that provides the owner with the right to terminate the contract irrespective of the general contractor's liability is:

Options:

A.

Termination of contract - convenience


B.

Termination of contract - default


C.

Substantial completion


D.

Breach of contract


Expert Solution
Questions # 30:

A used concrete pumping truck can be purchased for $125,000. The operation costs are expected to be $65,000 the first year and increase 5% each year thereafter. As a result of the purchase, the company will see an increase in income of $100,000 the first year and 5% more each subsequent year. The company uses straight-line depreciation. The truck will have a useful life of five (5) years and no salvage value. Management would like to see a 10% return on any investment. The company's tax rate is 28%.

The value of the truck at the end of year five (5) would be:

Options:

A.

$0


B.

$14,265


C.

$25,000


D.

$23,366


Expert Solution
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