Q1. You create and post a payment journal with a method of payment that is configured with bridging accounts. The bank notifies you that the payment has cleared the account.
What should you do next?
A. Create a general journal, and use theBridged transactions feature to select and move the payment to a Bank account.
B. Create a general journal with an offset account for the correct bank, and use the Settlement feature to select the Bridged transactions to clear.
C. Create a generaljournal,adding lines to debit the bridging accounts and credit the bank account, then use the Bridged transaction feature to mark the journal lines for settlement.
D. Create a general journal, adding lines to debit the bridging account and credit the bankaccount, then use the bank reconciliation feature to settle the Bridged transaction with the bank transaction.
Answer: D
Q2. You are working with a vendor who supplies you with apparel and sporting good products. You are negotiating a new purchase agreement with thevendor.
The agreement terms you have arranged with the vendor are for a 3 percent discount on all of the sporting good products when the order volume over the next month is at least 50,000 USD.
Which commitment type should you use?
A. product quantity
B. product value
C. product category value
D. value
Answer: C
Q3. You are the purchasing agent for your company.
You need to create a request for quotation (RFQ) for a product that is not in the item drop- down list.
Whichtype of line item should you create?
A. Category
B. Open
C. Solicitation
D. Item
Answer: A
Q4. You are a purchasing agent.
Your company agrees on a purchase price with a supplier. You create a purchase agreement.
Which two tasks can you perform with the agreement? Each correct answer presents part of the solution.
A. Createa release order when no commitment is defined for quantity of a product.
B. Create purchase agreements based on quality or weight.
C. Define a validity period for the purchase agreement.
D. Put purchase agreements on hold during ordering.
Answer: C,D
Q5. You create a purchase requisition and add requisition lines.
What is the status of the purchase requisition before submitting it to the workflow?
A. In review
B. In process
C. Draft
D. Approved
Answer: C
Q6. In a meeting with the customer service manager, you learn that several customers do not realize that they need cables when buying speakers. The customer service representatives want the ability to add the cost ofthe cables to the sales order after asking the customer.
You decide that the cost of the cables should be added as charges to the sales order and not as a separate Sales order line.
How should you configure Microsoft Dynamics AX Distribution and Tradeto automatically add this charge for those customers wanting them based on the sales order line for number of speakers sold?
A. Set up a charges code for a fixed amount.
B. Set up a charge for pieces.
C. Set up an auto charge.
D. Set up an item charge related to the speakers.
Answer: A
Q7. You are the controller for your company.
Company policy states that whena sales order is entered, the credit limit needs to be checked against the outstanding balance owed plus any sales order that has not been shipped, delivered, or invoiced yet.
How should you configure Microsoft Dynamics AX Distribution and Trade in thissituation?
A. In the Customer record, set the Credit limit to 0, which will check against all outstanding transactions.
B. In the Customer record, disable the Mandatory credit limit.
C. In Accounts receivable parameters, set the Credit limit type toBalance.
D. In Accounts receivable parameters,set the Credit limit type to Balance+All.
Answer: D
Q8. You are the accounts payable payment clerk at your company.
You need to create a payment journal for all vendors that require check payments with transactions that are due through the end of the current week. You create a new payment journal and open the lines.
What should you do next?
A. Settle transactions.
B. Post and transfer.
C. Create a payment proposal.
D. Generate payments.
Answer: C
Q9. You are the payroll manager for your company. You are responsible for paying commission to sales personnel. The company has a rule that commission rates are based on number of years of employment withthe company.
You need to configure Microsoft Dynamics AX Distribution and Trade to calculate these amounts.
Which three setups must be completed to configure these calculations? Each correct answer presents part of the solution.
A. Pay agreements
B. Sales group
C. Calculation parameters
D. Commission calculation
E. Employee
Answer: B,D,E
Q10. You are the accounts receivable manager.
You need to configure Microsoft Dynamics AX Distribution and Trade so that your customer receives a 6 percent discount on all low-margin items that they buy from you from April 1 through April 30.
What should you create?
A. a purchase agreement
B. a price discount journal
C. a line discount journal
D. a sales agreement
Answer: B