Docsity
Docsity

Prepare for your exams
Prepare for your exams

Study with the several resources on Docsity


Earn points to download
Earn points to download

Earn points by helping other students or get them with a premium plan


Guidelines and tips
Guidelines and tips

Argus Certification Practice Test | 50 Questions with 100% Correct Answers | Verified | La, Exams of Community Corrections

Argus Certification Practice Test | 50 Questions with 100% Correct Answers | Verified | Latest Update

Typology: Exams

2022/2023

Available from 06/18/2023

Prudent.
Prudent. 🇺🇸

1

(1)

641 documents

1 / 6

Toggle sidebar

Related documents


Partial preview of the text

Download Argus Certification Practice Test | 50 Questions with 100% Correct Answers | Verified | La and more Exams Community Corrections in PDF only on Docsity! Argus Certification Practice Test | 50 Questions with 100% Correct Answers | Verified | Latest Update True or False: ARGUS Enterprise merges three industry standard solutions: ARGUS Valuation- DCF, ARGUS Asset Management, and ARGUS Valuation-Capitalisation - ✔✔️T️rue In ARGUS Enterprise you can utilize shortcut keyboard commands to navigate within certain sections of the program. - ✔✔️T️rue In AE, a user can add over 100 properties into a portfolio. - ✔✔️T️rue Which is a benefit to utilizing a Chart of Accounts? a) Easier to track Revenues/Expenses b) Standardizes portfolio for names of all Expenses/Revenues c) Helps with accounting system integration d) All of the above - ✔✔️A️ll of the above In ARGUS Enterprise, you can only assign one Chart of Accounts to a portfolio. - ✔✔️T️rue The Discard Changes option will discard only the last change you have made to the property record. - ✔✔️F️alse Only users with appropriate permissions can access all of the features in the Control Panel. - ✔✔️T️rue To lock down a specific property and restrict who can edit it, click the _____________ button located in the ARGUS Enterprise Ribbon bar. - ✔✔️C️heck Out Property True or False: You can import and/or export v15 DCF files from ARGUS Enterprise. - ✔✔️T️rue Argus Certification Practice Test | 50 Questions with 100% Correct Answers | Verified | Latest Update The Expense Inflation Rate will be the default percentage for: a) Operating Expenses b) Non-Operating Expenses c) Capital Expenses d) All of the above - ✔✔️A️ll of the above True or False: Every inflation category must be given a number or it will default to the General Inflation Rate. - ✔✔️F️alse Assuming a 60% occupancy, calculate the Vending Machine revenue in Year 1 of the analysis (revenue is $13,000 with fixed percentage of 0%). - ✔✔️$️7,800 (.6*13000) Assuming a 0% occupancy, calculate the Vending Machine revenue in Year 1 of the analysis. - ✔✔️$️0 Assuming 100% occupancy, calculate the Vending Machine revenue in Year 1 of the analysis. - ✔✔️$️13,000 What is the Capital Expense amount that will appear on the Cash Flow? - ✔✔️$️63,654??? Free Rent, by default, kick in at the beginning of the _________. - ✔✔️T️enant's Lease Start Date The default recovery structure in ARGUS enterprise is __________. - ✔✔️N️et Calculate the General Vacancy Loss using the following assumptions: -PGR: $800,000 -ATV: $20,000 -Calculation: 5% of PGR - ✔✔️[️(800,000 + 20,0000)*0.05] - $20,000 = $21,000 True or False: Additional principal payments can be factored into the loan computations? - ✔✔️T️rue While running a 7-year analysis on a property with a 30-year debt note in ARGUS Enterprise, the note will _____________ at the end of the projection. - ✔✔️B️alloon After changing the modeling policy for Gross Ups, any Recovery Structure already created will default to the Gross Up percent in the Modeling Policies window. - ✔✔️F️alse The default formula for Leasing Commissions is: - ✔✔️B️ase Rent + Step Rent + CPI - Free Rent To indicate that an expense should not be included in the cash flow projection nor used in the calculation of the NOI, select ________________ - ✔✔️R️eference Only True or False: The percentage of the expense that is eligible to be recovered can be altered for the entire property within the Expense tab - ✔✔️T️rue What is the default formula for Free Rent? - ✔✔️B️ase Rent + Fixed Steps + CPI True or False: Months Vacant Overrides will only affect the first rollover and there will be no blending based upon the renewal probability. - ✔✔️T️rue True or False: The Batch Update allows a user to model several changes simultaneously instead of performing each individual adjustment. - ✔✔️T️rue True or False: When creating a sensitivity scenario, changes to individual properties may be made at the top of the screen. - ✔✔️F️alse Different levels of detail can be set for the Audit Log in which Portfolio Application tab? - ✔✔️P️ortfolio Details To change the report interval setting, click the _____________ button. - ✔✔️R️eport Options Which report within Portfolio Level Reports will show individual property information that makes up the selected cash flow totals? - ✔✔️C️ash Flow Detail All of the following are options for exporting Portfolio Level Reporting except: a) Excel b) Tiff c) PDF d) HTML - ✔✔️d️) HTML