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NEW QUESTION 37
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. $6.80
- B. $5.35
- C. $3.10
- D. $2.22
Answer: A
NEW QUESTION 38 
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. $485
- B. $48.22
- C. $26.78 to $75.00
- D. $45 to $530
Answer: D
NEW QUESTION 39
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.
In an exit interview, an employee comments that the reason he is leaving the organization is lack of teamwork and cohesion among his co-workers. Which need of Maslow's hierarchy of needs is unmet?
- A. Esteem needs
- B. Primary needs
- C. Self-actualization needs
- D. Belongingness needs
Answer: D
NEW QUESTION 40
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.
A cyclical process model was chosen as the basis for total cost management (TCM) because:
- A. It is one of the basic tenets of quality improvement
- B. Strategic assets and projects have inherent life cycles
- C. Refinement is needed to prepare the estimate at completion (EAC)
- D. It facilitates development of budgets and schedules
Answer: B
NEW QUESTION 41
An effort by a prime contractor to reduce the price quoted by a vendor, by providing the bid price to other vendors in an attempt to get the other vendors to underbid the original price quoted is referred to as:
- A. Costing
- B. Negotiating a best and final offer
- C. Bid shopping
- D. Cost-price analysis
Answer: C
NEW QUESTION 42
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