Question # 1
| A _________contract allows the contractor to freely employ whatever methods and resources it chooses in order to complete the work. |
| A. Guaranteed maximum price
| | B. Cost reimbursable/Fixed fee
| | C. Measured unit price
| | D. Lump-sum/Fixed price
|
D. Lump-sum/Fixed price
Question # 2
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%.
SCENARIO: A can manufacturing company requested you to provide data for their decision making. The unit prices of the can vary but an average selling price of $0.55 cents and average cost of $0.45 cents is estimated.
The monthly fixed costs are:
Rent-SI .600
Wages - $4.000
Miscellaneous fixed expenses - $500
Marketing team observed that factory can safely increase their unit selling price to S0.60 cents. The new break even units for the sales based on new contribution margin will be: |
| A. 20,000 units
| | B. 60,000 units
| | C. 6,000 units
| | D. 40,000 units
|
D. 40,000 units
Question # 3
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.
Fred Fiedler's contingency model suggests that: |
| A. Leadership styles are just the opposite of the managerial grid model
| | B. Successful leadership depends upon a good match
| | C. between the style of the leader and the demands of the situation
| | D. Successful leadership can always be imposed by experienced supervision
| | E. A relationship oriented leader described the least preferred worker in an unfavorable light
|
B. Successful leadership depends upon a good match
Question # 4
SCENARIO: A can manufacturing company requested you to provide data for their decision making The unit prices of the can varies but an average selling price of $0.55 cents and average cost of S45 cents is estimated.
The monthly fixed costs are:
Rant-$1,500
Wages - $4.000
Miscellaneous fixed expenses - $500
If the rent increases by 100% and the unit sales/other costs remain unchanged, the new break even amount is? |
| A. $60,000
| | B. $41,250
| | C. $33,000
| | D. $33,000
|
B. $41,250
Question # 5
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 main financial objective of many enterprises is: |
| A. To maximize the total long-term economic return
| | B. Subject to a well-conceived quality control plan
| | C. To balance opportunities and risks
| | D. Dependent on the backlog projects and the availability of resources
|
A. To maximize the total long-term economic return
Question # 6
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%.
The taxable income in year number 5 is: |
| A. $17,543
| | B. $121,551
| | C. $42,543
| | D. $125,00
|
A. $17,543
Question # 7
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%.
Based on the information provided, which statement is most correct? |
| A. The truck should be leased
| | B. The truck should be purchased
| | C. The truck should not be leased
| | D. The truck should not be purchased
|
B. The truck should be purchased
Question # 8
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. $15,687
| | B. $12,550
| | C. $16,273
| | D. $9,412
|
B. $12,550
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