MB-310 TOPIC 1, FOURTH COFFEE CASE STUDY

MB-310: TOPIC 1, FOURTH COFFEE CASE STUDY

**CompanyA**
>>The base currency is USD.
>>It consists of a marketing department and a digital division.
>>A 4-5-4 calendar structure is used.
>>The standard sales tax method is used.
>>recently was purchased by Fourth Coffee (coffee & supplied manufacturer based in
Seattle)
>>operates as a subsidiarity of Fourth Coffee but is consolidated under Fourth Coffee
Holding Company (USD) for reporting purposes.
**User8** in CompanyA attempts to set up the sales tax receivable account on the sales
tax posting form.
************************
You need to configure settings to resolve User8's issue. What should you select?
Choose an option from the list below:
-A main account in the sales tax payable field.
-A main account in the settlement account field.
-The conditional sales tax checkbox.
-The standard sales tax checkbox. - Answers -A main account in the settlement
account field.

**VendorA** is a Colombian supplier of coffee beans and belongs to the international
vendor group.
**VendorB** is a Peruvian supplier of coffee machine filters and belongs to the
international vendor group.
**VendorC** is a Texas supplier of espresso valves and belongs to the domestic vendor
group.
Important purchase order configuration details for Purchase, accrual.
*Account relation: | Main account: 200190
*Account relation: VendorB | Main account: 200180
*Account relation: | Main account: 200140
-----------
When Fourth Coffee receives espresso valves from VendorC, to which account is the
purchase accrual posted?
Choose an option from the list below:
-200140
-200170
-200180
-200190 - Answers -200140

*VendorA* is a Colombian supplier of coffee beans and belongs to the international
vendor group.
*VendorB* is a Peruvian supplier of coffee machine filters and belongs to the
international vendor group.

, *VendorC* is a Texas supplier of espresso valves and belongs to the domestic vendor
group.
Important purchase order configuration details for Purchase, accrual.
*Account relation: | Main account: 200190
*Account relation: VendorB | Main account: 200180
*Account relation: | Main account: 200140
-----------
When Fourth Coffee receives filters from VendorB, to which account is the purchase
accrual posted?
Choose an option from the list below:
-200140
-200170
-200180
-200190 - Answers -200180

**CustomerX** is a taxable company who requires a credit check when making a
purchase and is currently at their credit limit.
You need to determine why CustomerX is unable to confirm another sales order. What
are two possible reasons?
Choose options from the list below:
-The credit limit parameter is set to Balance + All.
-The credit limit is set to 0.
-An inventory item is out of stock.
-The inventory safety stock is set to 0. - Answers --The credit limit parameter is set to
Balance + All.
-An inventory item is out of stock.

When **User3** posts an Accounts receivable payment journal, a deposit slip is not
generated.
You need to assist User3 with generating a deposit slip to meet Fourth Coffee's
requirement. Which five actions should you perform in sequence?
Choose options from the list below:
-Select the 'use a deposit slip' checkbox.
-Enter a transaction type.
-Select 'manage deposits' on the bank account form.
-Enter the journal line with account and offset account and payment reference.
-Select 'Deposit slip' from the functions menu and select 'Ok'.
-Post the journal. - Answers -1-Enter Journal line with account & offset account &
payment reference.
2-Select 'Use a Deposit Slip' check box.
3-Enter a transaction type.
4-Post the journal.
5-Select 'Deposit Slip' from the functions menu & select 'OK'.

**Fourth Coffee** is a coffee and supplies manufacturer based in Seattle.