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AACE International Certified Cost Professional (CCP) Exam Sample Questions (Q95-Q100):

NEW QUESTION # 95

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.
10,278 hours have been expended to date. The CPI at this point in time is 0.93. SPI is
1.03. How many hours were planned?

A. 9,280
B. 9,559
C. 10,586
D. 10,278

Answer: C

NEW QUESTION # 96
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.
Present worth calculations is represented by which of the following equations?

A. Option C
B. Option B
C. Option A
D. Option D

Answer: D

Explanation:
Given Scenario:
The question involves selecting the correct formula for present worth calculations.
The present worth (or present value) formula is typically represented by: PV=FV(1+i)nPV = rac{FV}{(1 + i)