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NEW QUESTION 44
What is executed in connection with a contract and secures the performance and fulfillment of all the undertakings, covenants, terms, conditions and agreements contained in the contract?
- A. Liability insurance
- B. Bid bond
- C. Performance bond
- D. Surety bond
Answer: C
NEW QUESTION 45
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.
What is the 25 year after tax present worth of this project?
- A. $22,533
- B. $13,738
- C. $(22,533)
- D. $137,466
Answer: A
NEW QUESTION 46
_____________is defined as the budget for the cost (work) account times the percent complete for that account.
- A. Forecast
- B. Percent complete
- C. Cost to complete
- D. Earned value
Answer: D
NEW QUESTION 47
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