REAA - CPPREP4101 and CPPREP4504 Assessment Questions v1
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CPPREP4101 - Appraise property for sale or lease (Release: 1)
CPPREP4504 - Deliver presentations to clients in real estate (Release 1)
Written Questions
CPPREP4101 - Appraise property for sale or lease (Release: 1)
CPPREP4504 - Deliver presentations to clients in real estate (Release 1)
Written Questions
RTO 32426
P a g e | 1 of 14
© Real Estate Academy Australia
Version 1.1 – September 2020
CPPREP4101 - Appraise property for sale or lease (Release: 1)
CPPREP4504 - Deliver presentations to clients in real estate (Release 1)
Written Questions
What you need to do: For this assessment task you will undertake research and report on various aspects of
working in the real estate industry. A template has been provided to you to use to structure
your report to cover all the required information.
You are required to answer all questions correctly. If correct, you will see ‘Satisfactory’ or if
incorrect you will see ‘Not Satisfactory’ in your grades section of your learner portal next to
the assessment name. The assessor will provide feedback and a Record of Results in the
assessment task once graded. You will be required to resubmit your work for any ‘Not
Satisfactory’ assessment tasks. What you will need: You will need to research information about real estate agencies to assist with your
responses for this task.
Use the learner material provided in your online student portal as well as research materials
such as books, internet, magazines, workplace documentation etc. to assist you in gaining
the knowledge required to answer the questions. Remember that the assessment is
completely self-paced and open book, so you are able to use whatever resources you have
to answer the questions.
What you need to submit: Your completed report.
How to Submit your Assessment:
Upload your completed document into the “Prospect, Appraise Property and Deliver
Presentations – Written Questions” Online Assessment in your learner portal. You can drag
and drop the file into the window or use the add file icon in the top left of the submission
window and select the file your wish to upload by using the browse/choose file option. Click on finish attempt to submit it for grading.
P a g e | 2 of 14
© Real Estate Academy Australia
Version 1.1 – September 2020
CPPREP4101 - Appraise property for sale or lease (Release: 1)
CPPREP4504 - Deliver presentations to clients in real estate (Release 1)
Written Questions
Written Questions
Question 1
List sections of the legislation that apply to conducting a property appraisal. Click or tap here to enter text.
Question 2
A client has phoned in a complaint about a recent property appraisal that was conducted at their home. They have indicated that the agent was talking of his phone at the time of arriving at the property after being 10 minutes late and the client felt dismissed by the agent and was no longer wanting to work with the agent to sell her property.
In 100 – 150 words explain the communication strategies (what you would do or say) you would use to respond to client’s complaints.
Click or tap here to enter text.
P a g e | 3 of 14
© Real Estate Academy Australia
Version 1.1 – September 2020
CPPREP4101 - Appraise property for sale or lease (Release: 1)
CPPREP4504 - Deliver presentations to clients in real estate (Release 1)
Written Questions
Question 3
What is the difference between a property appraisal and a property valuation?
Click or tap here to enter text.
Questions 4
Complete the table below in reference to how each of the listed property attributes impact on the agent’s appraisal of the property.
Property Attribute
Explain the Positive/Negative Impact of your example
a.
Building construction - Asbestos
Click or tap here to enter text.
b.
Building construction –
steel frame
Click or tap here to enter text.
c.
Aesthetic and design features – e.g. Neutral colour palette
Click or tap here to enter text.
d.
Faults and hazards - Click or tap here to enter text.
e.
Building improvements and modifications
Click or tap here to enter text.
f.
Property condition and
presentation
Click or tap here to enter text.
g.
Heating, cooling and ventilation systems
Click or tap here to enter text.
h.
Energy efficiency and sustainability ratings
Click or tap here to enter text.
P a g e | 4 of 14
© Real Estate Academy Australia
Version 1.1 – September 2020
CPPREP4101 - Appraise property for sale or lease (Release: 1)
CPPREP4504 - Deliver presentations to clients in real estate (Release 1)
Written Questions
Question 5
List and explain (3) reasons that an owner may contact an agent for an appraisal on their property?
Click or tap here to enter text.
Question 6
What source documents need to be obtained and analysed for property appraisal?
Click or tap here to enter text.
P a g e | 5 of 14
© Real Estate Academy Australia
Version 1.1 – September 2020
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Question 5 of 7
(a1)
$2,120
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successive years are shown below,
= BFT106 POA 22A SEM 1 2020/
Statement of Financial Position as 31 December
2019
RM
2020
RM
RM
RM
O Tutorial
Non Current Asset
Land and premises (cost RM52,000)
Plant and machinery:
(Cost RM19,000)
(Cost RM25,000)
44,000
40,000
Assigned
SHAFAWATY MOH
3 points
14,250
d or create
19,600
59,600
58.250
Current Asset
Inventory
Trade account receivable
Hand-in your Tutor
k as Done
6,600
17,800
6,300
12,600
Assignment must
Please be remind
person's work as y
detected, marks w
Bank
7.100
24.400
82,650
26,000
85,600
FINANCED BY :
Capital account:
Balance at 1 January
Add: Net Profit for the year
Thank you.
42,000
18.000
47,000
22.000
60,000
(13,000)
47,000
69,000
(15,000)
54,000
Less:Drawing
Current Liabilities
Trade account payable
Bank overdraft
22,000
13,650
11,600
Class comments
35,650
11,600
Non Current Liabilities
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Determining Cost of Land
On-Time Delivery Company acquired an adjacent lot to construct a new warehouse, paying $44,000 in cash and giving a short-term note for $272,000.
Legal fees paid were $1,780, delinquent taxes assumed were $14,700, and fees paid to remove an old building from the land were $21,700. Materials
salvaged from the demolition of the building were sold for $4,700. A contractor was paid $960,600 to construct a new warehouse.
Determine the cost of the land to be reported on the balance sheet.
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1. From the following Trial balance , you are require to prepare the final accounts for the year ended 31st December 2020.
Grades
Particulars
Amount (Dr)
Amount(Cr)
4,80,000
Сapital
Drawings
Land & Building
People
1,35,000
4,50,000
Pages
Account
Creditors
3,15,000
Files
Plant& Machinery
1,20,000
Purchase returns
7,950
Syllabus
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18,000
Dashboard
Sales
6,54,000
Quizzes
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1,20,000
1,53,000
78,000
1,500
3,000
1,14,000
10,200
79,800
1,35,000
3,600
6,000
18,000
11,850
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Wages
Carriage outwards
Carriage inwards
Salaries
Calendar
Discount
Inbox
Bank balance
Debtors
Bad debts
Sales returns
Furniture
Advertisements
Total
14,56,950
14,56,950
Adjustments:
Stock on 31st December,2020 is Rs. 1,05,000
Machinery & Furniture to be depreciated @ 10%.
Wages outstanding is Rs. 4,50O
Prepaid Advertisement is Rs.1,500
A…
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Multiple Choice
Which of the following items is not
chargeable to the land account?
Expenditures for fence, water system,
sidewalk and pavement
Cost of survey by engineers
Broker's commission and fees for registration
and title transfer
Attorney's fee and any other expenditures for
establishing clean title
57 of 75
II
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Stockton Company
Adjusted Trial Balance
December 31
Cash
6,138
Accounts Receivable
2,228
Prepaid Expenses
793
Equipment
15,261
Accumulated Depreciation
5,388
Accounts Payable
1,599
Notes Payable
5,961
Common Stock
1,000
Retained Earnings
7,993
>
Dividends
728
Fees Earned
7,503
Wages Expense
2,855
Rent Expense
763
Utilities Expense
441
Depreciation Expense
173
Miscellaneous Expense
64
Totals
29,444
29,444
Determine the total assets
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Adjustments to Net Income-Indirect Method
Ripley Corporation's accumulated depreciation-equipment account increased by $15,325 while $3,800 of patent amortization was recognized between
balance sheet dates. There were no purchases or sales of depreciable or intangible assets during the year. In addition, the income statement showed a gain
of $22,420 from the sale of investments.
Reconcile a net income of $286,900 to net cash flow from operating activities.
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On June 1 of the current year, Pamela Schatz established a business to manage rental property. She completed the following transactions during June:
a. Opened a business bank account with a deposit of $55,000 from personal funds.
b. Purchased office supplies on account, $3,300.
c. Received cash from fees earned for managing rental property, $18,300.
d. Paid rent on office and equipment for the month, $8,300.
e. Paid creditors on account, $2,290.
f. Billed customers for fees earned for managing rental property, $30,800.
g. Paid automobile expenses (including…
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Amortization entries
Chart of Accounts
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Kleen Company acquired patent rights on January 10 of Year 1 for $2,800,000. The patent has a useful life equal to its legal life of eight years. On January 7 of
Year 4, Kleen successfully defended the patent in a lawsuit at a cost of $38,000.
Required:
a. Determine the patent amortization expense for Year 4 ended December 31.
b. Journalize the adjusting entry on December 31 of Year 4 to recognize the amortization. Refer to the Chart of Accounts for exact wording of
account titles.
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Choose the letter of the correct answer
A. P196,000
B. P204,000
C. P180,000
D. P210,000
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D MES26-WindEnergy-L27-Shuja.p x
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Capital investment
Annual 0&M costs
Electricity sales
Decommissioning
50MW
onshore
€40k per
2MW
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5-10 €c
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• Assume wind farm operates for 20 years
• 110GWH @ 7.5 €c/kWh gives 8.2M€ annual income
• 25×2MW wind turbines gives annual expenditure 1M€
• Discount rate = 8%
Find net present value for the wind farm? Find LCOE for the wind farm?
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M Question 2-CH3 HW3.1-C X G Arnez Company's annual ac X
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recorded as of that date.
Arnez Company's annual accounting period ends on December 31. The following information concerns the adjusting entries to be
a. The Office Supplies account started the year with a $2,850 balance. During the year, the company purchased supplies for
$11,771, which was added to the Office Supplies account. The inventory of supplies available at December 31 totaled $2,508.
b. The Prepaid Insurance account had a $28,824 debit balance at December 31 before adjusting for the costs of any expired
coverage for the year. An analysis of prepaid insurance shows that $20,769 of unexpired insurance coverage remains at year-
end.
c. The company has 15 employees, who earn a total of $2,000 in salaries each…
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$49,000
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Pedro
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4 Homework
Question 1 of 12
X Your answer is incorrect.
Prepaid Insurance
Equipment
Accumulated Depreciation
1.
The trial balance of Cullumber Fitness shows the following balances for selected accounts on November 30, 2022:
2.
3.
4.
connect BARE MYOCC
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5.
87,552
14,976
zoom
$12,800 Unearned Fitness Revenue $29,184
Note Payable
Rent Receivable
40,800
quizletE google docs
640
Using the additional information given below, prepare the appropriate monthly adjusting entries at November 30. (Use Fitness
Revenue instead of Service Revenue.) (List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles
and enter O for the amounts.)
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Revenue earned for fitness center fees, but not yet billed, totaled $3,456 on November 30.
The note payable…
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Long-Term Solvency Analysis
The following information was taken from Acme Company's balance sheet:
Fixed assets (net)
$1,092,000
Long-term liabilities
280,000
Total liabilities
196,000
Total stockholders' equity
980,000
Determine the company's (a) ratio of fixed assets to long-term liabilities and (b) ratio of liabilities to stockholders' equity. If required, round your answers
to one decimal place.
a. Ratio of fixed assets to long-term liabilities
b. Ratio of liabilities to stockholders' equity
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Kieso, intermeaiate ACCounting, 16e
INTERMED. ACCOUNTING (ACC 31I0/-
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Exercise 16-23
Your answer is partially correct. Try again.
On June 1, 2015, Sage Company and Pronghorn Company merged to form Stellar Inc. A total of 876,000 shares were issued
to complete the merger. The new corporation reports on a calendar-year basis.
On April 1, 2017, the company issued an additional 637,000 shares of stock for cash. All 1,513,000 shares were outstanding
on December 31, 2017.
Stellar Inc. also issued $600,000 of 20-year, 8% convertible bonds at par on July 1, 2017. Each $1,000 bond converts
to 44 shares of common at any interest date. None of the bonds have been converted to date.
Stellar Inc. is preparing its annual report for the fiscal year ending December 31, 2017. The…
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