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BOMI International RPA Capstone Experience Sample Questions (Q55-Q60):

NEW QUESTION # 55
Which of the following is considered a "controllable" operating expense?

A. Vendor contracts
B. Energy cost
C. Property insurance
D. Property taxes

Answer: A

Explanation:
Acontrollable operating expenserefers to costs that a property manager has the ability to influence or control.
Vendor contractsfall into this category because a property manager can negotiate rates or change service providers. On the other hand, property insurance, energy costs, and property taxes are typically less controllable.

NEW QUESTION # 56
A tenant in a multi-tenant office building is requesting a reduction in rent due to financial hardships. The tenant has been leasing space in the building for five years. Which of the following is the most appropriate first step for the property manager to take?

A. Offer to reduce rent by 50% as a short-term solution to keep the tenant.
B. Consult the building's owner and review the lease agreement before responding to the tenant.
C. Agree to the rent reduction immediately, as tenant retention is a priority.
D. Suggest that the tenant vacate and find a more affordable space.

Answer: B

NEW QUESTION # 57
Which of the following is LEAST likely to be an asset manager's responsibility?

A. Making property financing recommendations
B. Overseeing property managers
C. Developing an asset plan
D. Drafting preventative maintenance schedules

Answer: D

NEW QUESTION # 58
A property manager is reporting on monthly variances to the asset manager of an office building. The annual budget for custodial expenses is $660,000. Lastmonth, custodial expenses were $61,000. What is the variance against the budget?

A. Positive variance of $599,000
B. Negative variance of $6,000
C. Positive variance of $6,000
D. Negative variance of $599,000

Answer: B

Explanation:
To calculate the variance, first determine the expected monthly custodial expenses based on the annual budget.
Annual budget = $660,000
Monthly budget = $660,000 ÷ 12 = $55,000
Now, compare the actual expenses for the month to the expected budget:
Actual expenses = $61,000
Variance = Actual expenses - Budgeted expenses = $61,000 - $55,000 =$6,000 Since the actual expenses exceed the budget, this is anegative varianceof $6,000.

NEW QUESTION # 59
An unexpected elevator repair charge was incurred. Due to the unanticipated change in the budget, the information needed to be written directly on the invoice, but it was coded incorrectly. What step in the process isESSENTIALto ensuring that the correct vendor is paid?

A. Reconfirm the vendor number.
B. Enter the invoice into a pending payable file.
C. Use petty cash.
D. Post vendor payments.

Answer: A

Explanation:
To ensure that the correct vendor is paid, it is essential toreconfirm the vendor numberon the invoice. This step ensures that the payment is routed to the correct vendor, especially if the invoice was coded incorrectly or had other discrepancies.

NEW QUESTION # 60
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