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?

• A.state tax of $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,000 USD.
• B.state tax of $200 USD for the invoice, city tax of $10 USD, and an invoice total of $1,210 USD.
• C.state tax of $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,257.78 USD.
• D.state tax of $200 USD for the invoice, city tax of $100 USD, and an invoice total of $1,300 USD.
• E.state tax of $166.67 USD for the invoice, city tax of $16.67 USD, and an invoice total of $1,184.34 USD.

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An invoice for $100 USD has revenue deferred due to unmet payment-based contingencies and the Invoice Accounting Used for Credit Memos profile option is set to Yes. A credit memo of $50 USD has been issued against this invoice.
Explain how revenue accounting will occur.

• A.Earned revenue will be credited for $50 USD.
• B.Earned revenue will be debited for $50 USD.
• C.Unearned revenue will be credited for $100 USD.
• D.Unearned revenue will be debited for $50 USD.

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You have created payment terms in a system and associated them in the USA reference data set. All the payment terms in the system are shown as follows. Business Unit X has a set assignment of Enterprise Set for payment terms.
Payment Term = Net 30; Reference Data Set = Enterprise Set
Payment Term = Net 45; Reference Data Set = Enterprise Set
Payment Term = 1%/10 Net 30; Reference Data Set = USA Set
Payment Term = Net 45; Reference Data Set = USA Set
If an invoice is created in Business Unit X, which payment term set is available for use in a transaction?

• A.1%/10 Net 30 (USA Set), Net 45 (USA Set)
• B.Net 30 (Enterprise Set), Net 45 (Enterprise Set)
• C.Net 30 (Enterprise Set), Net 45 (USA Set)
• D.Net 45 (Enterprise Set), Net 45 (USA Set)

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You schedule print runs of transactions and balance forward bills according to the needs of your enterprise.
Which three statements are true? (Choose three.)

• A.If you have not printed a transaction, the View Print button (Preview of Print) displays the transaction according to the default template in BI Publisher.
• B.It is recommended that you always print directly from BI Publisher to give you more control over the templates in case you need to change them.
• C.Both the transaction, or each transaction in a balance forward bill, will be marked as printed in the system.
• D.It is not recommended to print transactions and balance forward bills directly from BI Publisher.
• E.If you have printed a transaction, the View Print button will not display a preview of the print.

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You created an Auto cash Ruleset where the first rule to be applied to receipts is Match Payments with Invoice. Discount = Earned Only, Late charges = NO, Receipt = $900, Receipt date = 14-Feb-2020, Discount Grace Days = 5.
Which transaction will be applied to the receipt?

• A.Invoice Amount: $800, Payment terms: 10% 10/Net 30, Invoice Date: 01 Feb 2020, Due Date: 28-Feb-2020
• B.Invoice Amount: $800, Payment Terms: 10% 10/Net 30, Invoice Date: 01-Feb-2020, Due Date: 24-Feb-2020
• C.Invoice Amount: $800, Payment Terms: 10% 10/Net 30, Invoice Date: 01 Feb 2020, Due Date: 20-Feb-2020
• D.Invoice Amount: $1000, Payment Terms: 10% 10/Net 30, Invoice Date: 01-Feb-2020, Due Date: 28-Feb 2020

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