AIS 2024 Test 1 Questions & Answers 100% CORRECT
What is Waren's inventory procedure? - ANSWERSPeriodic
What is Waren's overtime pay rate? - ANSWERS1.5 times the regular hourly pay rate
Which of the following tab file is not include in your SUA project - ANSWERSPayroll
What is Waren's...
What is Waren's inventory procedure? - ANSWERSPeriodic
What is Waren's overtime pay rate? - ANSWERS1.5 times the regular hourly pay rate
Which of the following tab file is not include in your SUA project - ANSWERSPayroll
What is Waren's credit terms? - ANSWERS2/10, Net 30
Which of the following item is not a journal account? - ANSWERSCost of goods sold
Which of the following employee at Waren is responsible to prepares purchase orders and sales invoices,
ships and receives goods, prepares shipping and receiving documents, and verifies cash receipts? -
ANSWERSNancy ford
Which of the following company(ies) is (are) Waren's vendor(s)? - ANSWERSChicago Office Supply,
Velocity Sporting Goods
At Waren, how often is the general ledger updated? - ANSWERSmonthly
What is Waren's main business? - ANSWERSSporting goods
Which of the following employee at Waren is responsible to receives and prelists cash, prepares credit
memos, keeps payroll records, prepares checks, and prepares all journals and subsidiary ledgers? -
ANSWERSJim Adams
, Which of the following is not a threat to the revenue cycle sales order entry process? - ANSWERSCash
flow problem
When there are not sufficient items on hand to fill the customer's order, ____ will be created: -
ANSWERSback order process
____is not a basic activity of the revenue cycle: - ANSWERSReceiving inventory
The billing system in which the invoice is prepared after goods have been shipped and the sales order
notification has been matched to shipping's billing notification is called a(n): - ANSWERSPost-billing
system
One type of accounts receivable system is balance-forward, the other is: - ANSWERSOpen invoice system
The document a customer returns with their payment and that identifies the source and the amount of
the payment is called a - ANSWERSRemittance advice
The concept behind ____ is to cultivate customer relationships by prospecting, acquiring, servicing, and
retaining customers - ANSWERScustomer relationship management (CRM) systems
____applications can handle both B2B and B2C business transactions. - ANSWERSSell-side
____is a legal contract that defines responsibility for the goods in transit: - ANSWERSBill of lading
The OE/S process includes the first four steps in the order-to-sales process. The order of these four steps
is: - ANSWERSTaking customer's order, checking customer credit, checking inventory availability, shipping
A control plan to ensure input accuracy in payables processing is (three-way matching): -
ANSWERSmatch invoice, purchase order, and receiving report
Which of the following techniques analyzes all incremental costs associated with acquiring and carrying
particular items of inventory? - ANSWERSEOQ models
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