Argus Certification TEST QUESTIONS EXAM 2024 | ALL CURRENT EXAM VERSIONS 2024, Exams of Finance

Download Argus Certification TEST QUESTIONS EXAM 2024 | ALL CURRENT EXAM VERSIONS 2024 and more Exams Finance in PDF only on Docsity! Argus Certification TEST QUESTIONS EXAM 2024 | ALL CURRENT EXAM VERSIONS 2024 | ACCURATE REAL EXAM QUESTIONS AND ANSWERS | ACCURATE AND VERIFIED FOR GUARANTEED PASS | GRADED A WITH 100 QUESTIONS Which report within Portfolio Level Reports will show individual property information that makes up the selected cash flow totals? A) Cash Flow B)Dashboard C) Cash Flow Detail D) Cash Flow Comparison - ANSWER C All of the following are options for exporting Portfolio Level Reporting EXCEPT? A) Excel B) Tiff C) PDP D) HTML - ANSWER D 1. Once Budget and/or Actuals have been imported into AE from a 3rd party system, manual adjustments cannot be made in the Budget and/or Actuals Tabs. T/F? - ANSWER A 2. Which of the following is NOT a level offered within the Charts of Accounts section? A) Header B) Account C) Sub-Account D) Detail - ANSWER C 3. Which of the following is NOT a Classification in AE? A) System B) Property C) Region D) Tenant - ANSWER C 4. Users in Argus Enterprise can have permissions assigned to them at the Portfolio, Scenario, and Property Level. T/F? - ANSWER A 5. Which General Vacancy calculation is found by adding the Total Tenant Revenue + Total Other Income? A) Assume a 0.0% renewal probability B) Assume a 100% renewal probability C) Assume the space goes dark and reabsorbs the area D) Ignores the Market Leasing profile and inserts a new Contract lease line - ANSWER A 14. Which of the following Upon Expiration is described by the following definition: Renewals will be processed based on the renewal probability in the Market Leasing Profile? A) Market B) Renew C) Option D) Month to Month - ANSWER A 15. With a 60% Renewal Probability, what Tenant Improvement rate will be calculated if a tenant rolls to market in the first year of analysis and New TI Rates are $20.00/SF and Renewal TI Rates are $10.00/SF? A) $10.00/SF B) $14.00/SF C) $15.00/SF D) $20.00/SF - ANSWER B 16. Calculate the Market Rent Rate in Year 2 using the following information for a tenant that is set to "Renew" in the Upon Expiration Field: Renewal Prob: 50% Market Inflation Rate: 5% New Market Rent (Yr 1) $100/SF/Yr Renewal Market Rent (Yr 1) $75.00/SF/Yr A) $75/SF/Yr B) $78.75/SF/Yr C) $87.50/SF/Yr D) $91.88/SF/Yr - ANSWER B 17. If a Tenant's Upon Expiration is set to Month to Month, how many months of downtime will appear on the Tenant's Cash Flow? A) 0 Months B) The number of months vacant entered in the assigned market leasing profile C) The blended average of the months vacant entered into the assigned market leasing profile - ANSWER A 18. The weighted average is 6.4 for the months vacant in a market leasing profile. How many months of downtime will occur if a tenant was set to market upon rollover? A) 0 months B) 6 months C) 6.4 months D) 7 months - ANSWER B 19. Which of the following is NOT included in the default Leasing Commissions Fixed % calculation? A) Base Rent B) Fixed Steps C) Free Rent D) Recoveries - ANSWER D 20. Use the following assumptions to calculate the Percentage Rent: Tenant Size: 10,000 SF Building Size: 100,000 SF Tenant Annual Rent: %50,000 Annual Sales Amount: $10,000,000 Sales %: 5% Breakpoint: Zero A) %50,000 B) $450,000 C) $500,000 D) $1,000,000 - ANSWER C 21. _____ is a solution for consolidating and reporting property, tenant, portfolio, and scenario information contained within ARGUS Enterprise. A) Analysis reporting B) Property Cash Flows C) Sensitivity Assumptions 31. Calculate Tenant B's recovery amount using the following assumptions: Recovery structure: Net Tenant Size: 10,000 S/F Building Area: 50,000 S/F Operating Expense Total: $1,500,000 A) $10,000 B) $50,000 C) $150,000 D) $300,000 - ANSWER D 32. Calculate Tenant C's Recovery amount using the following assumptions. Recovery structure: Base Year Stop Tenant Size: 10,000 SF Building Area: 100,000 SF Base Year Stop Amount: $1,00,000 Current Year Expenses: $1,500,000 A) $10,000 B) $50,000 C) $150,000 D) $500,000 - ANSWER B 33. Calculate Tenant D's recovery amount using the following assumptions: Recovery structure: $10 Fixed Amount/Area Tenant Size: 10,000 SF Building Area: 100,000 SF Current Year Expenses: $1,500,000 A) $10,000 B) $100,000 C) $150,000 D) $500,000 - ANSWER B 34. Which Recovery would you select to enter in a tenant that pays their Net Pro-Rata Share of all expenses over a specified stop amount? A) Net B) Fixed Amount C) Fixed Amount / Area D) Stop Amount - ANSWER D 35. Base Rent, Fixed Steps and CPR increases all show up on their own lines on the property Cash Flow Report. T/F? - ANSWER B 36. Property level detail can be separated out in Portfolio Level Reports. T/F? - ANSWER A 37. Calculate the Operating Expense amount that will appear on the Cash Flow from the following assumptions: Expense Amount: $100,000 % Variable: 25% Occupancy: 50% A) $100,000 B) $87,500 C) $75,000 D) $62,500 - ANSWER B 38. To make a revenue or Expense a blind-line item, select the ___ option. A) Non-operating Expense B) Option C) Reference Only D) Memo Account - ANSWER C 39. Assume that property's CAM expense is $50,000 / Year and 60% Fixed. The Occupancy for the property is 80%. What is the Operating Expense Amount that you enter in the Operating Expense Tab? A) $30,000 B) $40,000 C) $46,000 D) $50,000 - ANSWER D 40. Assume that property's CAM expense is $50,000 / Year and 60% Fixed. The Occupancy for that property is 80%. What is the Operating Expense Amount that appears on the Cash Flow? A) $30,000 B) $40,000 C) $46,000 D) $50,000 - ANSWER C D) All of the Above - ANSWER D The Fixed Amount/Area Recovery Method is calculated as: A) The increased over an amount/area that will be paid by the tenant each year B) The amount/area, based on Property Size, that will be paid by the tenant each year C) The annual amount/area, based on Tenant Size, that will be paid by the Tenant each year D) None of the above - ANSWER C In the Portfolio section of the File Tab, existing properties within the portfolios are displayed in the ____ pane. A) Scenarios B) Options C) Properties D) Charts - ANSWER C Which of the following is considered a primary use for XL4ADW? Check all that apply. A) Customer queries of results data B) Import of new models and data C) Modify modeling in AE (Round Trip) D) Review modeling data in AE (Input Assumptions) - ANSWER A,B,C,D When leased roll to the market leasing profile, by default rents do not inflate during the rollover term. T/F? - ANSWER True What is the calculation for the Natural Breakpoint for Percentage Rent? A) Volume - Chargeable Sales B) Base Rent / Sales Percentage C) Base Rent x Sales Percentage D) Chargeable Sales x Sales Percentage - ANSWER B How is Total Rental Revenue calculated? A) Total tenant revenue + Total Other Income B) Scheduled Base Rent + CPI Increases C) Scheduled Base Rent + Total other Income D) Total Rental Revenue + Total Other Income - ANSWER B For a tenant to pay a specific amount for an expense, select the ____ recovery method. A) Fixed Amount B) Stop amount C) Stop Amount/Area D) Market - ANSWER A Which Recovery Structure would you select to enter in a tenant that pays their net pro-rata share of all expenses over a specified base stop? A) Fixed Amount B) Fixed Amount/Area C) Stop Amount/Area D) Expense Stop - ANSWER C Which of the following are included in the default Free Rent calculation? Check all that apply A) base rent B) Fixed steps C) CPI rent increased D) Recoveries - ANSWER A,B,C Which of the following are levels offered with the Chart of Accounts? Check all that apply. A) Parent/Header B) Cashflow/GL Account C) Detail/ Job Costs D) Revenue Costs - ANSWER A,B,C Which of the following is a purpose for a Market Leasing Profile? A) To apply leasing assumptions to a tenant area when the current lease for that space expires B) Speculative leasing or Space Absorption, of vacant space C) Both A and B D) None of the Above - ANSWER C The Present Value tab allows us to enter in a separate discount rate for the Leveraged and Unleveraged Cash Flow as well as the Leveraged and Unleveraged Resale Rate. T/F? - ANSWER True C) No CPI Increase will be applied D) At the midpoint of the lease - ANSWER B When entering Available Date prior to the Start Date on the Rent Roll tab, AE assumes _____ A) The space is occupied until the Start Date B) The space is available, but vacant until the Start Date C) The space does not exist until the start date. D) None of the above - ANSWER B To adjust the Base Rent when you have a one-time increase, or increased that happen at different increments, use the Fixed Steps Unit column. T/F? - ANSWER False Using the information below, calculate the amount that will appear as the Operating Expense on Year 1 of the Cash Flow: Utilities Expense: $16,500 % Fixed: 35% % Occupied: 85% % Grossed Up: 90% A) $15,431 B) $15,550 C) $15,427.50 D) $14,569.50 - ANSWER D A portfolio may have ____ Chart of Accounts applied at a time. A) One B) Two C) Three D) Unlimited - ANSWER A Non-Operating Expenses will fall below the Net Operating Income line on the Cash Flow T/F? - ANSWER True _____ is a solution for consolidating and reporting property, tenant, portfolio, and scenario information contained within the ARGUS Data Warehouse. A) Property Level Reporting B) Analysis Reporting C) Sensitivity Reporting D) Portfolio Level Reporting - ANSWER D Any type of item can be added in as Miscellaneous Rent if they are directly related to the tenant. T/F? - ANSWER True The ____ allows users to upload numerous files and URLS to centralize the location of property documents. A) Additional Tab B) Attachments Tab C) Description Tab D) Classifications Tab - ANSWER B It is required to enter in a Property Name Address for every property added within a portfolio T/F? - ANSWER False Use the following assumptions to calculate the Percentage Rent: Tenant Size: 1,200 SF Base Rent: $20/SF/Year Annual Sales Amount: $2,00,000 Sales Percentage: 3% Breakpoint: Natural A) $25,000 B) $35,000 C) $833,333 D) $1,166,666 - ANSWER B Which of the following are Classification type in AE? Check all that apply. A) Property B) Tenant C) Region D) System - ANSWER A,B,D How many rollover terms does the Upon Expiration field in the Rent Roll effect? - ANSWER Tenant A's lease begins in January 2016. They occupy 50% of the building and are set to a Base Year Stop. How much will they pay in recoveries for 2016? - ANSWER