Download Oracle.1z0-962.PracticeTest.2018-08-20.44q.tqb
| Vendor: | Oracle |
| Exam Code: | 1z0-962 |
| Exam Name: | Oracle Financials Cloud: Receivables 2017 Implementation Essentials |
| Date: | Aug 20, 2018 |
| File Size: | 179 KB |
Demo Questions
Question 1
When a customer opts to make a payment by a credit card, this receipt is identified as a(n) _______________.
- miscellaneous receipt
- quick cash receipt
- manual receipt
- automatic receipt
- AutoLockbox receipt
Correct answer: D
Explanation:
Reference: https://docs.oracle.com/cloud/farel8/financialscs_gs/FAOFC/F1113010AN18821.htm Reference: https://docs.oracle.com/cloud/farel8/financialscs_gs/FAOFC/F1113010AN18821.htm
Question 2
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?
- state tax of $166.67 USD for the invoice, city tax of $16.67 USD, and an invoice total of $1,184.34 USD.
- state tax of $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,257.78 USD.
- state tax of $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,000 USD.
- state tax of $200 USD for the invoice, city tax of $10 USD, and an invoice total of $1,210 USD.
- state tax of $200 USD for the invoice, city tax of $100 USD, and an invoice total of $1,300 USD.
Correct answer: E
Question 3
Which two are rules applicable to issue of refunds? (Choose two.)
- You cannot refund more than either the original receipt amount or the remaining unapplied amount.
- You can refund receipts that were either remitted or cleared.
- You can issue a credit card refund to a customer who has made a cash payment.
- You can refund receipts that are factored.
Correct answer: AB
Explanation:
Reference: https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_963C6A4F99EEB6DBE040D30A68817CA6 Reference: https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_963C6A4F99EEB6DBE040D30A68817CA6
