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Download Certified Cost Professional (CCP) Exam Exam Dumps
NEW QUESTION 52
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%?
- A. $265,798
- B. $420,236
- C. $318,740
- D. $289,370
Answer: C
NEW QUESTION 53
The process of stating goals and determining the most effective way of reaching them is the definition for:
- A. Planning
- B. Managing
- C. Implementing
- D. Mission Statement
Answer: A
NEW QUESTION 54
Which of the following best describes the concept of total cost management:
- A. A job cost system for ensuring all aspects of a particular manufacturing process are accumulated completely
- B. The practices and processes utilized to manage the total life cycle cost investment in a portfolio of strategic assets
- C. A method of quantifying construction damages where the total job costs are subtracted from the original bid or estimate to determine the total cost amount for a claim
- D. An integrating process that maps the fields of practice of cost engineering without linking it to project management, resource management, or accounting
Answer: D
NEW QUESTION 55
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