Free CCP Practice Test Questions 2026

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

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

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

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

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

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

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

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

An American company plans to acquire a new press machine from a Dutch manufacturer under the following conditions. One question remaining to be answered is the expected amount of capital recovery when salvage is accounted for.

The following question requites your selection of Scenario 1.4.150 from the tight side of your split screen. using the drop down menu, to reference during your response/choice o' responses The present worth interest factor for this purchase in the fifth year would be:

A. 0.6209

B. 1.6474

C. 1.6105

D. 0.6070

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 assume 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. .

If $10,000 is invested now at 10% compounded annually, what will the investments be worth 10 years from now?

A. $25,940

B. $29,450

C. $21,345

D. $16,180

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 nosalvage value. Management would like to see a 10% return on any investment. The company's tax rate is 28%. Which numerical method of describing quantitative data is best suited in targeted marketing?

A. Mean

B. Mode

C. Range

D. Median

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%. Which of the following statements is correct?

A. The graph of a normal curve is bell-shaped and is symmetrical about the standard deviation.

B. The graph of a normal curve is bell-shaped and is symmetrical about the variance.

C. Some graphic methods for describing quantitative data ate histograms and frequency distribution.

D. Some graphic methods for describing qualitative data are histograms and frequency distribution.