We offer the latest CCP practice test designed for free and effective online AACE Certified Cost Professional (CCP) certification preparation. It's a simulation of the real CCP exam experience, built to help you understand the structure, complexity, and topics you'll face on exam day.
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%.
All of the following are characteristics of standard normal distribution, except:
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 assure 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 $20,000 is invested at the end of each fiscal year for the next 10 years, how much would our total
investment be worth assuming the interest is at 10%?
The following question requires your selection of CCC/CCE Scenario 28 (3.7.50.1.7) from the right side of
your split screen, using the drop down menu, to reference during your response/choice of responses.
Given a unit price contract between the owner and contractor, each assumes the following:
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 is considered a measure of profitability?
____________ is defined as covering work whose component activities are less defined and whose
interrelationships are conditional.
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