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NEW QUESTION 29
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.
Annual estimated tax would be:

• A. $11,925
• B. $5,565
• C. $10,500
• D. $3,869

Answer: B

NEW QUESTION 30
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.
Cost engineers who feel completely satisfied and fulfilled by their work as part of a project team are said to have reached the ______________ stage of Maslow's hierarchy of needs.

• A. Belonging needs
• B. Need satisfaction
• C. Esteem
• D. Self-actualizations

Answer: D

NEW QUESTION 31
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. $16,273
• B. $9,412
• C. $15,687
• D. $12,550

Answer: A

NEW QUESTION 32
Meetings require:

• A. Goals, an agenda, preparation, control, good listening skills and relevant discussions
• B. Goals, an agenda, preparation, conclusions, control and conversations that are relevant
• C. Goals, an agenda, flipchart, computer projector, laser pointer and consulting with others where appropriate
• D. Goals, an agenda, preparation, relevant discussions, support for your actions and to consider the total physical and human setting of the meeting

Answer: B

NEW QUESTION 33
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