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CCP Premium Exam Questions

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Total 189 questions

Certified Cost Professional (CCP) Exam Questions and Answers

Question 17

When a person hears the words being said to him/her, but does not receive the message of the words, it is called

Options:

A.

Reflective listening

B.

Judgmental listening

C.

Passive listening

D.

Directive listening

Question 18

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 you buy a lot for $3,000 and sell it for $6,000 at the end of 8 years, what is your annual rate of return?

Options:

A.

10.4%

B.

9.1%

C.

8.3%

D.

9.9%

Question 19

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.

Five years from now it is required the company have $100,000. How much money should be invested at the end of each year to reach this?

Options:

A.

$15,937

B.

$15,397

C.

$16,380

D.

$13,168

Question 20

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?

Options:

A.

$6.80

B.

$3.10

C.

$5.35

D.

$2.22

Page: 5 / 14
Total 189 questions