ARGUS ENTERPRISE CERTIFICATION STUDY QUESTIONS WITH GUARANTEED ACCURATE ANSWERS |VERIFIED, Exams of Nursing

Download ARGUS ENTERPRISE CERTIFICATION STUDY QUESTIONS WITH GUARANTEED ACCURATE ANSWERS |VERIFIED and more Exams Nursing in PDF only on Docsity! ARGUS ENTERPRISE CERTIFICATION STUDY QUESTIONS ARGUS ENTERPRISE CERTIFICATION STUDY QUESTIONS WITH GUARANTEED ACCURATE ANSWERS | VERIFIED Once a Property Asset Type is selected it cannot be changed. a. True b. False - ACCURATE ANSWERS✔✔ b. False The Analysis Begin date defaults to the current Month and Year. a. True b. False - ACCURATE ANSWERS✔✔ a. True Which section in the Navigation Pane allows users to update a variety of different settings ranging from Managing Users to Data Import Validation Rules to Report Settings? a. Property Portfolios b. Global Categories c. Help d. Control Panel - ACCURATE ANSWERS✔✔ d. Control Panel Which of the Portfolio Application Tabs is best described by the following statement? This application allows users to create and view analytical charts and graphs based on a combination of properties from the portfolio. a. Portfolio Details b. Scenarios c. Reports d. Analysis - ACCURATE ANSWERS✔✔ d. Analysis What is the extension of a property asset file in ARGUS Enterprise? a. .sf b. .avux c. .aeex d. .aeix - ACCURATE ANSWERS✔✔ b. .avux Revenues How Input Methods - ACCURATE ANSWERS✔✔ Pg. 22 Amortization Start Date - ACCURATE ANSWERS✔✔ Pg. 27 Upon Expiration - ACCURATE ANSWERS✔✔ Pg. 40 Use the screenshot to answer questions 1 and 2: Market Rent is $15.00 / SF / Year in 2018 (Provides screenshot of inflation rates on pg. 43) What is the Market Rent in 2021? a. $17.17 b. $17.03 c. $17.52 d. $17.81 - ACCURATE ANSWERS✔✔ b. $17.03 What is the CPI Inflation Rate in 2020? a. 3.00% b. 5.00% c. 3.03% d. 0.00% - ACCURATE ANSWERS✔✔ d. 0.00% When calculating a Market Leasing profile with the Upon Expiration set to Renewal, Enterprise _____________. a. Assumes a 0% renewal. b. Takes a weighted average. c. Assumes the space goes dark. d. Assumes a 100% renewal. - ACCURATE ANSWERS✔✔ d. Assumes a 100% renewal. The Upon Expiration field within the Market Leasing profile allows us to select any overrides for past terms. a. True b. False - ACCURATE ANSWERS✔✔ b. False Assumptions: Timing and Sensitivity Intervals - ACCURATE ANSWERS✔✔ Pg. 52 Property Summary - ACCURATE ANSWERS✔✔ Pg. 57 The Gross Sale Price is calculated by taking the NOI to capitalize and dividing it by the _________, when using CAP NOI (12 Months After Sale). - ACCURATE ANSWERS✔✔ Going out Cap Rate A user can change the Hold Length for the Property Resale by selecting either Hold Years or a Fixed Date. a. True b. False - ACCURATE ANSWERS✔✔ a. True Calculate the resale value of the building using the following assumptions: (Round to nearest dollar) Resale Method = Capitalize NOI Cap Rate = 6.5% NOI = $784,567 Selling Costs = 3.0% Adjusted Gross a. $11,708,154 b. $11,167,345 c. $11,178,322 d. $11,173,489 - ACCURATE ANSWERS✔✔ a. $11,708,154 Parameters for the Discount Rate Change Interval on the IRR Matrix report can be changed in the _________ tab. - ACCURATE ANSWERS✔✔ Assumptions The Lost Absorption / Turnover Rent being reported for the months prior to a lease start will appear on the individual Tenant Cash Flow / LPV report. a. True b. False - ACCURATE ANSWERS✔✔ b. False Use the screenshot on pg 95 to determine the tenant's Percentage Rent: (screenshot) Tenant's size: 2,450 SF Tenant's rent: $13.00 / SF / Year Calculate the Percentage Rent. $__________ - ACCURATE ANSWERS✔✔ $6,150 General Vacancy options - ACCURATE ANSWERS✔✔ Pgs. 98-101 General Vacancy Calculation - ACCURATE ANSWERS✔✔ Pg. 101 Use the following screenshot (pg. 108) to answer the question: What is General Vacancy for this building? - Potential Gross Revenue: $9,600,000 - Absorption & Turnover Vacancy: $230,000 a. $261,850 b. $230,000 c. $261,500 d. $262,200 - ACCURATE ANSWERS✔✔ c. $261,500 The % of Total Rental Revenue method is calculated by taking the Scheduled Base Rent + _____. - ACCURATE ANSWERS✔✔ CPI Increases The default General Vacancy calculation frequency is annually. a. True b. False - ACCURATE ANSWERS✔✔ b. False Detailed Recovery Structures - ACCURATE ANSWERS✔✔ Pg. 119 Gross Up Example Calculations - ACCURATE ANSWERS✔✔ Pg. 137 Calculate the Utilities expense using the following assumptions: - Property Size: 35,000 SF - Utilities Expense: $0.15 / SF / Year, 35% Fixed - Occupancy= 80.0% - ACCURATE ANSWERS✔✔ $4,567.50 Assume that a property's CAM expense is $30,000 per year and 60.0% fixed. The occupancy of the property is 70.0%. What value should be entered in the Amount 1 field in the Operating tab? ____________. - ACCURATE ANSWERS✔✔ $30,000 Assume that a property's CAM expense is $30,000 per year and 60.0% fixed. The occupancy of the property is 70.0%. What is the operating expense amount that will appear on the Cash Flow report? __________. - ACCURATE ANSWERS✔✔ $26,400 Assume that a property's CAM expense is $30,000 per year and 60.0% fixed. The occupancy of the property is 70.0% and reimbursable expenses are grossed up to 100.0%. What is the operating expense amount that will appear on the Cash Flow report? __________. - ACCURATE ANSWERS✔✔ $26,400 Use screenshot on pg. 144 and the following assumptions: - Tenant A size - 20,000 SF - Property Size - 25,000 SF What will Tenant A pay in reimbursements in 2017 if they have a 2016 Base Year Stop and all Operating Expenses are included except the Real Estate Taxes? __________. b. False - ACCURATE ANSWERS✔✔ a. True __________ is a solution for consolidating and reporting property, tenant, portfolio, and scenario information contained within the ARGUS Data Warehouse. a. Property Reporting b. Analysis Reporting c. Sensitivity Reporting d. Portfolio Level Reporting - ACCURATE ANSWERS✔✔ d. Portfolio Level Reporting __________ allows us to track who has been in the asset and what changes have been made to that asset. a. XL4ADW b. Sensitivity Reporting c. Audit Log d. Analysis Tab - ACCURATE ANSWERS✔✔ c. Audit Log Sensitivity Analysis allows you to create scenarios and make edits to an individual property or all of the properties within your portfolio simultaneously. a. True b. False - ACCURATE ANSWERS✔✔ a. True Which of the following Portfolio Application Tabs gives the ability to calculate a variance between two different scenarios? a. Properties b. Portfolio Details c. Scenarios d. Reports - ACCURATE ANSWERS✔✔ d. Reports ARGUS Enterprise merges three industry standard solutions: ARGUS Valuation - DCF, ARGUS Asset Management, and ARGUS Valuation- Capitalisation. a. True b. False - ACCURATE ANSWERS✔✔ a. True In ARGUS Enterprise you can utilize shortcut keyboard commands to navigate within certain sections of the program. a. True b. False - ACCURATE ANSWERS✔✔ a. True In AE, a user can add over 100 properties into a portfolio. a. True b. False - ACCURATE ANSWERS✔✔ a. True Which is a benefit to utilizing a Chart of Account? 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 - ACCURATE ANSWERS✔✔ d. all of the above In ARGUS Enterprise you can only assign one Chart of Accounts to portfolio. a. True b. False - ACCURATE ANSWERS✔✔ a. True The Discard Changes option will discard only the last change you have made to the property record. a. True b. False - ACCURATE ANSWERS✔✔ b. False When your resale calculation is set to CAP NOI (12 months after sale), which year's NOI will be used when analyzing a 6-year analysis? - ACCURATE ANSWERS✔✔ 7th If 12% is a desired return, enter 12% in the __________ parent tab. - ACCURATE ANSWERS✔✔ Valuation If a tenant's space is available, but sitting vacant before they move in and you want to show that vacancy on reports, what do you need to enter in for the Lease dates? - ACCURATE ANSWERS✔✔ The Available date needs to be when the space is actually available and the Start date needs to be when the tenant's lease begins. Step Rent increases can be applied in the Step Rent field or in the Base Rent varies window. - ACCURATE ANSWERS✔✔ True When using an Available date that is before the Start date, the loss in potential rent (Base Rental Revenue) can be shown on which report? - ACCURATE ANSWERS✔✔ Lease Audit __________ is used in retail properties where tenants are expected to pay a percentage of their sales to the property owner. - ACCURATE ANSWERS✔✔ Percentage Rent What is the default calculation formula for Chargeable Sales? - ACCURATE ANSWERS✔✔ Sales Volume - Breakpoint Additional principal payments can be factored into the loan computations? - ACCURATE ANSWERS✔✔ True 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. - ACCURATE ANSWERS✔✔ Balloon 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. - ACCURATE ANSWERS✔✔ False The default formula for Leasing Commissions is: - ACCURATE ANSWERS✔✔ Base 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 __________. - ACCURATE ANSWERS✔✔ Reference Only The percentage of the expense that is eligible to be recovered can be altered for the entire property within the Expense tab. - ACCURATE ANSWERS✔✔ True What is the default formula for Free Rent? - ACCURATE ANSWERS✔✔ Base Rent + Fixed Steps + CPI Months Vacant Overrides will only affect the first rollover and there will be no blending based upon the renewal probability/ - ACCURATE ANSWERS✔✔ True The Batch Update allows a user to model several changes simultaneously instead of performing each individual adjustment. - ACCURATE ANSWERS✔✔ True When creating a sensitivity scenario, changes to individual properties may be made at the top of the screen. - ACCURATE ANSWERS✔✔ False Different levels of detail can be set for the Audit Log in which Portfolio Application tab? - ACCURATE ANSWERS✔✔ Portfolio Details To change the report interval setting, click the __________ button. - ACCURATE ANSWERS✔✔ Report Options Which report within Portfolio Level Reports will show individual property information that make up the selected cash flow totals? - ACCURATE ANSWERS✔✔ Cash Flow Detail All of the following are options for exporting Portfolio Level Reporting EXCEPT? - ACCURATE ANSWERS✔✔ HTML