APA CPP-Remote Q&A - in .pdf

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  • Exam Code: CPP-Remote
  • Exam Name: Certified Payroll Professional
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NEW QUESTION: 1
Which processes are strongly related to event management?
A. problem management, change and release management, and monitoring and measuring
B. portfolio management, business relationship management, and problem management
C. business relationship management, change and release management, and incident management
D. monitoring and measuring, incident management, and availability management
Answer: D

NEW QUESTION: 2
Section B (2 Mark)
In _____________ first the cost incurred by the supplier of property is determined. An appropriate cost plus mark-up is then added to the cost so as to arrive at an appropriate profit in the light of the functions performed and market conditions.
A. Comparable Uncontrolled Price Method [CUP]
B. Resale Price Method [RPM]
C. Cost-Plus Method [CPM]
D. Profit Split Method [PSM]
Answer: C
Explanation:
Section C (4 Mark)
Personal Data

Financial Data

Shanker and Parvati Pandey have the following assets at fair market value (FMV):

Their simplified income statement is presented as follows:

They have no liabilities and no company-sponsored retirement plans.
They have no wills and they live in a non-community property state.
Shankers' parents can meet all current expenses from current cash flow but have very limited reserve funds Other Relevant Data They are inexperienced investors, but they are willing to take reasonable and normal investment risk if appropriate, but they do not wish to invest aggressively.
Both Shanker and Parvati have purchased term life insurance policies with Rs. 250,000 death benefit on each; they own their own policies, and Ganesh is the contingent beneficiary on both policies.
Shanker is the primary beneficiary of Parvati's single premium deferred annuity; Ganesh is the contingent beneficiary.
You have found their disability insurance inadequate. The Pandey have indicated they could fit your proposed Rs. 3500 annual premium for an adequate policy into their living expenses.
You have reviewed their auto, homeowner's, liability, and life insurance and found their policies adequate.
Shanker and Parvati are responsible for their medical expenses.
Ganesh is an intelligent high school student who earns scholarship of Rs. 2,000 annually and has a Rs. 500 in savings account.
The "cash" is invested in a variety of money market funds and insured savings accounts.
They do not plan additional children and they have no other dependents.
The Pandey currently can save Rs. 5,000 per year out of current salary and can continue to do so (in inflation-adjusted Rupees) until they retire in 20 years. This savings rate assumes that all planned asset acquisition and replacements are paid out of income before savings (except the three goals as per below.
Goals (in order of priority)
1.College education for Ganesh. They expect to spend a total of Rs. 5,00,000 (Present value) for his entire education.
2.Retirement in 20 years which maximizes their standard of living at retirement.
3.Parvati and Shanker plan to take 6 months off from work ("sabbatical") in 4 years for travel and research and to spend Rs. 1,50,000.
Economic Environment
The economy has been in a period of modest economic growth for about 2 years. Inflation, as measured by the CPI, was at a 4.9% annual rate over the last year. Ninety-day T-bill rates are currently 6%, while the yield to maturity on 20-year government bonds is 7.5%. Most forecasts call for little change in these conditions over the short and long term.
Assumptions provided by Wealth Manager

NEW QUESTION: 3
What best describes the meaning behind the phrase "Six Degrees of Separation'"?
A. Ability to use about six hops to reach any other node in an extremely large social network
B. Erdos number of all scholars having written papers with Paul Erdos
C. Maximum number of edges between nodes in a graph with a diameter of six
D. Typical distance between nodes that are connected by triadic closure
Answer: A

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