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NEW QUESTION 27
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?
- A. Rate of return
- B. Total assets
- C. Annual Dividends
- D. Annual sales
Answer: A
NEW QUESTION 28 
The following question requires your selection of CCC/CCE Scenario 6 (2.7.50.1.3) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
What is the range of estimated quantities?
- A. $26.78 to $75.00
- B. $48.22
- C. $45 to $530
- D. $485
Answer: C
NEW QUESTION 29
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.
If $50 was invested at 6.0% on January 1, year 1, what would be the value of year-end withdrawals made in equal amounts each year for 10 years and leaving nothing in the fund after the tenth withdrawal?
- A. $2.22
- B. $6.80
- C. $3.10
- D. $5.35
Answer: B
NEW QUESTION 30
A major theme park is expanding the existing facility over a five-year period. The design phase will be completed one year after the contract is awarded. Major engineering drawings will be finalized two years after the design contract is awarded and construction will begin three years after the award of the design contract. New, unique ride technology will be used and an estimate will need to be developed to identify these costs that have no historical data.
The following question requires your selection of CCC/CCE Scenario 26 (2.5.50.1.2) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
Which statement best describes the type of information available for a design phase estimate?
- A. Square footage of buildings, factored indirects, types of rides and exhibits identified, utility requirements, conceptual layouts
- B. Utility requirements, detailed building plans and (- specifications, types of rides and exhibits identified, all vendor quotes or estimates received from subcontractors
- C. Detailed construction drawings, quantity takeoffs, detailed labor hours and material costs applied, quotes from all major subcontractors
- D. Home office detail, specific vendor quotes, preliminary quantities with labor and material factors applied
Answer: B
NEW QUESTION 31
Cost performance index (CPI) is defined by AACE International as: (assume no change in budgeted quantities)
- A. BCWS/BCWP
- B. ACWP/BCWS
- C. ACWP/BCWP
- D. BCWP/ACWP
Answer: D
NEW QUESTION 32
____________ is the application of total resources ($-workers-supports) and activity durations of the logic diagram.
- A. Scheduling
- B. Forecasting
- C. Planning
- D. Modeling
Answer: A
NEW QUESTION 33 
The following question requires your selection of CCC/CCE Scenario 2 (2.3.50.1.2) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
9,375 hours have been expended to date. Planned completion at this time is 75%. The project is determined to be 66% complete. Based on current trends, how many hours will be expended at project completion?
- A. 16,215
- B. 14,201
- C. 12,000
- D. 10,526
Answer: D
NEW QUESTION 34
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.
Assuming a 53% tax rate, how much cumulative depreciation will have been claimed at the end of the grain elevator's life span?
- A. $80,000
- B. $42,400
- C. None
- D. $37,600
Answer: A
NEW QUESTION 35
A contract clause that provides the owner with the right to terminate the contract irrespective of the general contractor's liability is:
- A. Termination of contract - default
- B. Breach of contract
- C. Termination of contract - convenience
- D. Substantial completion
Answer: C
NEW QUESTION 36
AACE International defines _____________as a technique of economic evaluation that sums over a given study period, the costs of initial investment, replacements, operations, and maintenance/repair; expressed in either present or annual value terms.
- A. Life cycle costs method (LCC)
- B. Benefit/Cost ratio (B/C) method
- C. Net present worth method
- D. Risk analysis
Answer: A
NEW QUESTION 37
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.
Cost engineers who feel completely satisfied and fulfilled by their work as part of a project team are said to have reached the ______________ stage of Maslow's hierarchy of needs.
- A. Need satisfaction
- B. Belonging needs
- C. Esteem
- D. Self-actualizations
Answer: D
NEW QUESTION 38
The goal of listening is to:
- A. Have time to formulate your thoughts on the subject
- B. Improve communication
- C. Analyze what the speaker is saying
- D. Find out what is going on
Answer: B
NEW QUESTION 39
A schedule's late dates are calculated during the:
- A. Float
- B. Backward pass
- C. Loop calculations
- D. Forward pass
Answer: B
NEW QUESTION 40 
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)
- A. 4.31
- B. 4.24
- C. 4.10
- D. 4.62
Answer: A
NEW QUESTION 41
Two of the most important things to know when planning a speech or lecture are the ______________and______________ of your audience.
- A. Political preference, sense of humor
- B. Culture, understanding
- C. Motivation, professionalism
- D. Background, attitude
Answer: B
NEW QUESTION 42
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. $6,209
- C. $8,129
- D. $3,791
Answer: B
NEW QUESTION 43
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 25 year after tax present worth of this project?
- A. $13,738
- B. $(22,533)
- C. $22,533
- D. $137,466
Answer: C
NEW QUESTION 44 
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.
At the end of 30 months, the final price for the piece of equipment will be:
- A. $378,750
- B. $328,810
- C. $370,710
- D. $375,658
Answer: D
NEW QUESTION 45
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 project scheduler left the company and has left unfinished work. You have been hired as the new project scheduler and must update the existing schedule. What will be your first task?
- A. Recalculate the early finish for each activity
- B. Recalculate the critical path
- C. Update the remaining duration for each activity
- D. Recalculate the early start for each activity
Answer: B
NEW QUESTION 46
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.
A contractor must purchase a piece of equipment for $150,000. It has an estimated life of 10 years with no salvage value at the end. Ten years from now it will be necessary to purchase another piece of equipment, but this time it will cost $250,000. How much will the contractor need to invest at the end of each year in order to have the right amount?
- A. $9,412
- B. $15,687
- C. $12,550
- D. $16,273
Answer: D
NEW QUESTION 47
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 you are scheduled for a $100,000 payment at the end of each year for the next five years, what is the equivalent amount if you were to make a lump sum payment now?
- A. $379,100
- B. $500,000
- C. $679,397
- D. $162,370
Answer: B
NEW QUESTION 48 
The following question requires your selection of CCC/CCE Scenario 2 (2.3.50.1.2) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
6,573 hours have been expended to date. Planned completion at this time is 60%. The project is determined to be 55% complete. How many hours have been earned?
- A. 7,200
- B. 6,573
- C. 6,960
- D. 6,600
Answer: B
NEW QUESTION 49
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