VALID EXAM CCP BRAINDUMPS | CCP RELIABLE BRAINDUMPS PPT

Valid Exam CCP Braindumps | CCP Reliable Braindumps Ppt

Valid Exam CCP Braindumps | CCP Reliable Braindumps Ppt

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The Certified Cost Professional (CCP) Exam certification is offered by the Association for the Advancement of Cost Engineering (AACE) International, which was founded in 1956 to promote the advancement of cost engineering and management in the construction, manufacturing, and energy sectors. The AACE International CCP Exam is conducted twice a year in locations around the world, and it is open to professionals in all industries regardless of their geographical location.

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AACE International Certified Cost Professional (CCP) Exam Sample Questions (Q65-Q70):

NEW QUESTION # 65
A bond that guarantees the bidder will enter into a contract on the basis of his/her bid is referred to as:

  • A. Performance bond
  • B. Surety bond
  • C. Liability bond
  • D. Bid bond

Answer: D


NEW QUESTION # 66
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.
What is the "book value (BV) of the asset at the end of 5 years?

  • A. $60,000
  • B. $16,000
  • C. $3,200
  • D. $64,000

Answer: D

Explanation:
Given Scenario:
You need to calculate the book value (BV) of the asset at the end of 5 years using straight-line depreciation.
The straight-line depreciation formula is: Annual Depreciation=Cost-Salvage ValueUseful Lifetext{Annual Depreciation} = frac{text{Cost} - text{Salvage Value}}{text{Useful Life}}Annual Depreciation=Useful LifeCost-Salvage Value​ Initial Cost: $80,000 Salvage Value: $0 (since there's no salvage value) Useful Life: 25 years Annual Depreciation: 80,00025=3,200frac{80,000}{25} = 3,2002580,000​=3,200 per year Book Value after 5 years:
Book Value=Cost-(5×Annual Depreciation)=80,000-(5×3,200)=80,000-16,000=64,000text{Book Value} = text{Cost} - (5 times text{Annual Depreciation}) = 80,000 - (5 times 3,200) = 80,000 - 16,000 = 64,000Book Value=Cost-(5×Annual Depreciation)=80,000-(5×3,200)=80,000-16,000=64,000


NEW QUESTION # 67
A major theme park is expanding the existing facility over a five-year period. The design phase will be completed one year after the contract is awarded. Major engineering drawings will be finalized two years after the design contract is awarded and construction will begin three years after the award of the design contract. New, unique ride technology will be used and an estimate will need to be developed to identify these costs that have no historical data.
The following question requires your selection of CCC/CCE Scenario 26 (2.5.50.1.2) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
Why is a +/- notation necessary when developing an estimate?

  • A. There are unknowns that affect the final cost of a project
  • B. Contingency cushion
  • C. It is a government requirement
  • D. It makes up for the lack of time to develop a real estimate

Answer: A


NEW QUESTION # 68
Productivity increases with time. This improvement is commonly associated with improvements in efficiency brought about by increased experience and skill levels. What does this scenario describe?

  • A. The learning curve
  • B. Value engineering
  • C. Cash flow
  • D. Productivity efficiency factor

Answer: A


NEW QUESTION # 69
Money is value. Having money when you need it is very important. Money can also be valuable when used wisely by knowing when to spend and when to conserve. Also, planning now for future expenses can be a plus to the company rather than a debit.
There are several ways to capitalize money and spending. Basically there is the single payment method that has a compound amount factor and a present worth factor. There is the uniform annual series that has a sinking fund factor, capital recovery factor and also the compound amount factor and present worth factor. At this point, we can assume money is worth 10%.
The following question requires your selection of CCC/CCE Scenario 7 (4.8.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
If $10,000 is invested now at 10% compounded annually, what will the investments be worth 10 years from now?

  • A. $16,180
  • B. $25,940
  • C. $29,450
  • D. $21,345

Answer: B


NEW QUESTION # 70
......

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