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NEW QUESTION: 1
Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution. Determine whether the solution meets the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution.
After you answer a question in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen.
A customer uses Dynamics 365 Finance.
The controller notices incorrect postings to the ledger entered via journal.
The system must enforce the following:
* Expense accounts (6000-6998) require department, division, and project with all transactions. Customer dimension is optional.
* Revenue accounts (4000-4999) require department and division and allow project and customer dimensions.
* Liability accounts (2000-2999) should not have any dimensions posted.
* Expense account (6999) requires department, division, project and customer dimensions with all transactions.
You need to configure the account structure to meet the requirements.
Solution:
* Configure one account structure with department, division, project and customer dimensions.
* Configure asterisks in all columns for Expense accounts (6000-6999), Revenue accounts (4000-4999), and Liability accounts (2000-2999).
Does the solution meet the goal?
A. Yes
B. No
Answer: B
Explanation:
Explanation
As asterisk in all dimension columns would mean that a value must be configured for all dimensions.
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/configure-account-structures
NEW QUESTION: 2
The Health Department of the United Kingdom is using the cash basis of accounting. After the recent elections, the new government has decided to implement Oracle General Ledger. They want to change the accounting method to accrual basis. However, they also want to maintain the cash basis of accounting for reporting purposes. As an implementation consultant, what one recommendation would you make to meet the above requirement?
A. Create a primary ledger with the standard accrual method, and a reporting ledger with standard cash.
B. Create two primary ledgers with the standard cash method.
C. Create two primary ledgers with the standard accrual method.
D. Create a primary ledger with standard accrual, and the secondary ledger with the standard cash methods.
E. Create a primary ledger with standard cash, and a reporting ledger with standard accrual.
Answer: D
NEW QUESTION: 3
Sixty percent of the customers of a fast food chain order the Whopper, fries and a drink. If a random sample of 15 cash register receipts is selected, what is the probability that 10 or more will show that the above three food items were ordered?
A. None of these answers
B. 0.403
C. 0.186
Answer: B
Explanation:
This is a binomial probability. The probability of getting r successes out of n trials where the probability of success each trial is p and probability of failure each trial is q (where q = 1-p) is given by:
r (n-r)
n!(p )[q ]/r!(n-r)! Therefore, we need to find out the probability of getting 10, 11,12,13,14,15 successes and add them up. Here n=15, p=0.6 and q=0.4. r changes from 10 to 15.
10 5
p(10 successes) = 15!(0.6 )(0.4 )/10!(15-10)! = 0.1859
11 4
p(11 successes) = 15!(0.6 )(0.4 )/11!(15-11)! = 0.1268
p(12 successes) = 0.0634
p(13 successes) = 0.0219
p(14 successes) = 0.0047
p(15 successes) = 0.00047
The sum of all the probabilities is 0.403.
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