AACE International Updated CCP Exam Questions and Answers by louisa

If XYZ Services Company wants to achieve a net income of $550 per month, we first need to calculate the required contribution margin to cover both fixed costs and the desired profit:

Required Contribution Margin=Fixed Costs+Desired Profit=6,000+550=6,550\text{Required Contribution Margin} = \text{Fixed Costs} + \text{Desired Profit} = 6,000 + 550 = 6,550Required Contribution Margin=Fixed Costs+Desired Profit=6,000+550=6,550

Using the original contribution margin of $0.10 per unit:

Required Sales Units=6,5500.10=65,500 units\text{Required Sales Units} = \frac{6,550}{0.10} = 65,500 \text{ units}Required Sales Units=0.106,550​=65,500 units

Therefore,65,500 unitsmust be sold to achieve the desired net income of $550 per month.

In project management, the relationship that defines a situation where one activity can partially start as another activity starts is known asStart to Start. This type of dependency is used when two activities need to begin at the same time or when one activity can start before the other finishes but cannot finish before the first activity starts.

The mode is the value that appears most frequently in a data set. It is particularly useful in marketing for determining common sizes such as shirt or shoe sizes because these are typically based on the most commonly occurring values in a population. The other options incorrectly describe the characteristics of central tendency measures. Therefore, the correct answer isD. The mode would be frequently applied in marketing to determine shirt sizes or shoe sizes.

Since the truck is being depreciated using the straight-line method over five years with no salvage value, the book value of the truck at the end of the five-year useful life will be$0. This means the entire cost of the truck would have been fully depreciated by the end of the five years.