Question 1

If a receipt cannot be automatically matched or transaction information is not available, Receivables can use the AutoCash rule set.In which three places is the rule set found? (Choose three.)

Options :

A : System Options

B : Receipt Class

C : Customer Site

D : Receipt Method

E : Customer Account

Answer: A,C,D

Question 2

You are configuring tax for Receivables to cash transactions.Which two additional Party types can be selected only in the Tax engine for Receivables Transactions to identify the place of supply? (Choose two.)

Options :

A : Ship-to party

B : Ship-from party

C : Point of origin party

D : Point of acceptance party

E : Bill-to party

Answer: B,C

Question 3

You are reviewing an invoice on the Review Transaction page. After clicking the Sales Credit subtab, you notice the following breakdown: Revenue Allocation and Nonrevenue Allocation.What is a Nonrevenue Allocation?

Options :

A : sales credits associated to deferred revenue

B : sales credit allocation based on billing corrections

C : sales credit reversals due to credit memo creation

D : additional incentive-based sales credits

Answer: C

Question 4

Your customer has a state tax of 20% and a city tax of 10% as non-inclusive tax rates that are applicable on a transaction line. Your invoice has two lines: Line1 with $600 USD and Line2 with $400 USD.What will be the resulting tax and invoice amounts for your tax invoice?

Options :

A : state tax of $166.67 USD for the invoice, city tax of $16.67 USD, and an invoice total of $1,184.34 USD.

B : state tax of $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,257.78 USD.

C : state tax of $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,000 USD.

D : state tax of $200 USD for the invoice, city tax of $10 USD, and an invoice total of $1,210 USD.

E : state tax of $200 USD for the invoice, city tax of $100 USD, and an invoice total of $1,300 USD.

Answer: A

Question 5

Which two statements are true about configuring Collection Strategies?

Options :

A : You need to create Scoring Formulae (or use predefined Scoring Formulas).

B : You need to define an Aging Method that meets the requirements of your organization.

C : You need to SGI the (Collections Method to Strategies for the relevant business unit.

D : You need to create Strategy Tasks of the type 'Automatic' only.

Answer: A,D

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