100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
AIS 2024 Test 1 Questions & Answers 100% CORRECT CA$11.47   Add to cart
Quickly navigate to
Preview
  2.  
  3. AIS 2024
  4.  
  5. AIS 2024

Exam (elaborations)

AIS 2024 Test 1 Questions & Answers 100% CORRECT
 13 views  0 purchase
  • Course
  • AIS 2024
  • Institution
  • AIS 2024

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...

[Show more]

Preview 2 out of 5  pages

Document information

  • August 10, 2024
  • 5
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • ais 2024 test 1 questions answers 100 correct

Written for

  • AIS 2024
  • AIS 2024

Seller

avatar-seller
Bensuda

Reviews received

Content preview

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 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

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Bensuda. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$11.47. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79271 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$11.47
  • (0)
  Add to cart