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AACE International - CCP - High Pass-Rate Exam Certified Cost Professional (CCP) Exam Details
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Exam CCP Details - Pass Guaranteed 2025 AACE International CCP First-grade Reliable Test Topics
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AACE International Certified Cost Professional (CCP) Exam Sample Questions (Q100-Q105):
NEW QUESTION # 100
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.
If the owner in B has as his primary goal to get the project completed and on line as fast as possible, then he would most likely use the ______________type of contract.
- A. Lump sum + incentive
- B. Cost plus
- C. Lump sum
- D. Unit Rate
Answer: A
NEW QUESTION # 101
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%.
Costs which are independent of the system throughout are:
- A. no answers ate correct
- B. fixed costs
- C. variable costs fixed costs
- D. both fixed and variable costs
Answer: B
Explanation:
Fixed costs are costs that remain constant regardless of the level of production or business activity. These costs are independent of the system throughout and do not fluctuate with the amount of goods or services produced. In contrast, variable costs change in proportion to the level of production or business activity. Therefore, the correct answer is D. fixed costs.
NEW QUESTION # 102
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 $10,000 is scheduled to be paid out 5 years from now, what is the minimum amount we can invest today?
- A. $3,855
- B. $3,791
- C. $6,209
- D. $8,129
Answer: C
Explanation:
Given Scenario:
You need to determine the minimum amount to invest today for a $10,000 payout in 5 years with a 10% interest rate.
The problem requires calculating the present value of a future sum. The present value (PV) is calculated using the formula:
PV=FV(1+r)nPV = rac{FV}{(1 + r)
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