ACCT 4310 Quiz 5A / ACCT4310 Quiz Submissions - Car Star BPD Questions and Answers Exam Guide.
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Course
ACCT 4310
Institution
ACCT 4310
Attempt 1
Written: Feb 11, 2020 10:43 PM - Feb 11, 2020 10:56 PM
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Question 1 0.91 / 0.91 points
Questions 1-6 are based on the business process in the CarStar BPD.
Suppose the dealer’s net sales numbers are correct but the CarStar da...
ACCT 4310 / ACCT4310 Quiz Submissions - Quiz5A Car Star BPD
Attempt 1
Written: Feb 11, 2020 10:43 PM - Feb 11, 2020 10:56 PM
Submission View
Your quiz has been submitted successfully.
Question 1 0..91 points
Questions 1-6 are based on the business process in the CarStar BPD.
Suppose the dealer’s net sales numbers are correct but the CarStar dashboard shows higher net sales than the
dealer’s dashboard shows. The most likely source of this discrepancy is:
1) Dealers issued duplicate refunds for returned vehicles
2) Dealers recorded no sales returns for returned vehicles
3) The CarStar dashboard included duplicate sales returns
4) The CarStar dashboard omitted some sales returns
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Because CarStar executives want to maximize net sales, the most likely source of the discrepancy given the stated
fact pattern is that the “CarStar dashboard omitted some sales returns.” Not recording returned vehicles as sales
returns timely would result in inflated net sales numbers on the CarStar dashboard. Issuing refunds for returned
vehicles is independent of sales recording. CarStar’s failure to record sales returns timely would inflate CarStar’s net
sales.
Question 2 0..91 points
Suppose the dealer’s sales numbers are correct but the CarStar dashboard shows lower net sales than the dealer
dashboard shows. The most likely source of the discrepancy is:
1) Delays in recording vehicle sales at CarStar
2) Delays in recording vehicle sales at the dealer
3) CarStar occasionally recording duplicate sales
, 4) CarStar failing to record sales returns timely
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The most likely source of the discrepancy is a delay in recording sales at CarStar. Similarly, the dealer recording
duplicate sales would make the dealer’s net sales totals incorrect. CarStar’s failure to record sales returns for
returned vehicles would cause CarStar dashboard to show more net sales than the dealer dashboard.
Question 3 .91 points
Suppose a software upgrade to the dealer’s system causes it to record sales returns correctly when customers return
vehicles but fails to record cancellations of loans, if any, for those vehicles. To identify sales for which the loans might
need to be reversed, you could examine sales for which:
1) The down payment was significantly more than the sales price.
2) The down payment was significantly less than the sales price.
3) The payment at sale closing is the same as the sales price.
4) No relationship exists between sales price and loan amount.
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Because customers pay off loans over a period of many months, the down payment recorded on sales with loans will
be significantly less than the sales price.
Question 4 0..91 points
Suppose that due to a 10-hour power outage, CarStar could not record dealer transactions that occurred during the
outage. To record the missing transactions, CarStar should obtain records of:
1) The transactions that occurred during the outage when the need for the records becomes known.
2) Sales and loans made just before and during the outage for vehicles that were not returned.
3) The transactions that occurred at the dealer just before through just after the power outage.
4) The transactions that occurred at the dealer during the week of the power outage.
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