Study Questions for Setup
1 In QAD Enterprise Applications, there are two credit terms tables, one for sales/AR, the other for purchasing/AP.
True or False
Why?
2 All of the invoices that your company sends out in the first quarter of the year are due on April 30. If they pay early (by April 1) they receive a two-percent discount. How do you set this up?
3 If you receive a supplier invoice dated February 6, with terms two-percent discount 10 days EOM, due 30 days EOM, what are the discount and due dates?
Discount Date:
Due Date:
4 How would you set up a price list that offered a distributor the following?
a Ten percent off all sales, with an additional five percent on all purchases of over 1000 units, and an additional ten percent on all purchases of over 5000 units.
b Special case price for item 90-1000 when sold in cases; just $10 per CS (one CS hold 20 EA).
c Special cost-plus pricing for products in product line 1000, all purchases are priced as cost plus 25 percent.
5 On Customer Maintenance 2.1.1 setting Multiple = Yes indicates that the customer has multiple shipping addresses.
True or False
Why?
6 A different credit limit should be established on each ship-to address for a customer.
True or False
Why?
7 If you want to produce Accounts Receivable Statements for a customer, which two fields do you need to initialize?
Field Name:
Field Name:
8 You are using Master Comments to store shipping and delivery information that is to print at the top of every sales order and packing list you send to a given customer. What would you recommend that you set the following fields to?
Reference:
Type:
Language: