Question 1

When time and billing is set up for a service activity -

Accepted Answer

A)  the pricing tab details are not used 
B)  prices are taken from the pricing tab screen and applied to the time-based rates or flat fee 
C)  all regular price and preferred price customers pay the same prices 
D)  customers are not charged HST on the activity, only GST is charged 
A)  the pricing tab details are not used 
B)  prices are taken from the pricing tab screen and applied to the time-based rates or flat fee 
C)  all regular price and preferred price customers pay the same prices 
D)  customers are not charged HST on the activity, only GST is charged B

Question 2

If the update price lists screen shows the options to set Preferred prices by Decreasing Regular prices - Percent 5.0%, you will -

Accepted Answer

A)  change the preferred price for the selected items 
B)  reduce all preferred prices by 5 percent 
C)  increase all regular prices until they are 5 percent higher than preferred prices 
D)  reduce all preferred prices so they are 5 percent less than the regular prices 
A)  change the preferred price for the selected items 
B)  reduce all preferred prices by 5 percent 
C)  increase all regular prices until they are 5 percent higher than preferred prices 
D)  reduce all preferred prices so they are 5 percent less than the regular prices A

Question 3

When you add time slip activities to a sales journal invoice -

Accepted Answer

A)  you can choose to add activities for a specific range of dates 
B)  you can choose to add activities for specific employees 
C)  you can choose to add specific activities 
D)  you can choose to add specific activities for specific dates or employees 
A)  you can choose to add activities for a specific range of dates 
B)  you can choose to add activities for specific employees 
C)  you can choose to add specific activities 
D)  you can choose to add specific activities for specific dates or employees D

Question 4

The time slips journal tracks -

Accepted Answer

A)  the number of hours an employee worked at an activity 
B)  the customers who purchased the services 
C)  the activities that were completed 
D)  all of the above 
A)  the number of hours an employee worked at an activity 
B)  the customers who purchased the services 
C)  the activities that were completed 
D)  all of the above

Question 5

Payroll hours on time slips -

Accepted Answer

A)  must be added for each employee paycheque, even if they are not used to determine the paycheque amount 
B)  must equal the number of hours billed to customers 
C)  must equal the number of hours actually worked on activities 
D)  are not used for employee paycheques; they only provide employee efficiency data 
A)  must be added for each employee paycheque, even if they are not used to determine the paycheque amount 
B)  must equal the number of hours billed to customers 
C)  must equal the number of hours actually worked on activities 
D)  are not used for employee paycheques; they only provide employee efficiency data

Question 6

You might set up multiple inventory locations to track the quantities of inventory items -

Accepted Answer

A)  in different warehouse locations 
B)  in different stores 
C)  that are separated between a store and a warehouse 
D)  any of the above 
A)  in different warehouse locations 
B)  in different stores 
C)  that are separated between a store and a warehouse 
D)  any of the above

Question 7

Before you can enter time slips journal information, you must -

Accepted Answer

A)  identify the employee in the employee ledger who will complete the activities 
B)  identify the inventory services that are billed on the basis of time 
C)  identify the suppliers in the supplier ledger records who will provide the time and billing services 
D)  identify the customers in customer ledger records who will use the time and billing services 
A)  identify the employee in the employee ledger who will complete the activities 
B)  identify the inventory services that are billed on the basis of time 
C)  identify the suppliers in the supplier ledger records who will provide the time and billing services 
D)  identify the customers in customer ledger records who will use the time and billing services

Question 8

One of the following statements about multiple inventory locations is incorrect -

Accepted Answer

A)  you can set up more than two inventory locations 
B)  inventory locations are selected from drop-down lists in journals 
C)  you can enter different default selling prices for items at different locations in the ledger records 
D)  entering inventory locations for transactions will update item quantities in the ledger records 
A)  you can set up more than two inventory locations 
B)  inventory locations are selected from drop-down lists in journals 
C)  you can enter different default selling prices for items at different locations in the ledger records 
D)  entering inventory locations for transactions will update item quantities in the ledger records

Question 9

To set up additional foreign currencies, you must -

Accepted Answer

A)  follow exactly the same procedures as for setting up the first foreign currency 
B)  choose currencies from the list and add a linked exchange rate and bank account for each one 
C)  choose the currencies from a list 
D)  identify the customers and suppliers who use the currencies 
A)  follow exactly the same procedures as for setting up the first foreign currency 
B)  choose currencies from the list and add a linked exchange rate and bank account for each one 
C)  choose the currencies from a list 
D)  identify the customers and suppliers who use the currencies

Question 10

Time and billing details may be added -

Accepted Answer

A)  for any service identified as an activity 
B)  to any inventory item or service 
C)  to any inventory service 
D)  from the inventory services item screen 
A)  for any service identified as an activity 
B)  to any inventory item or service 
C)  to any inventory service 
D)  from the inventory services item screen

Question 11

You would record the movement of inventory items from store A to store B by -

Accepted Answer

A)  recording a sales invoice transaction for store A to sell the items to store B 
B)  recording a purchase invoice transaction for store B to buy the items from store A 
C)  recording the transaction in the inventory transfer journal 
D)  editing the quantities for each location in the inventory ledger record for each item 
A)  recording a sales invoice transaction for store A to sell the items to store B 
B)  recording a purchase invoice transaction for store B to buy the items from store A 
C)  recording the transaction in the inventory transfer journal 
D)  editing the quantities for each location in the inventory ledger record for each item

Question 12

When multiple foreign currencies are used by a business, inventory prices -

Accepted Answer

A)  must be based on the exchange rates for the currencies 
B)  must be entered in the ledger record for each item for each currency 
C)  cannot be taken from the ledger record for preferred price list customers who pay reduced prices 
D)  may be taken from the ledger record for one currency or item and based on exchange rates for others 
A)  must be based on the exchange rates for the currencies 
B)  must be entered in the ledger record for each item for each currency 
C)  cannot be taken from the ledger record for preferred price list customers who pay reduced prices 
D)  may be taken from the ledger record for one currency or item and based on exchange rates for others

Question 13

When the three times entered on a time slip are 4 hours, 3 hours and 2 hours -

Accepted Answer

A)  the customer will be billed for 4 hours of work 
B)  the employee will be paid for 4 hours of work 
C)  the employee took 4 hours to complete the task 
D)  all of the above are correct 
A)  the customer will be billed for 4 hours of work 
B)  the employee will be paid for 4 hours of work 
C)  the employee took 4 hours to complete the task 
D)  all of the above are correct

Question 14

The components used for building from the bill of materials in the journal differ from the components used for an item assembly as to -

Accepted Answer

A)  item assembly components are identified in the ledger 
B)  components for building from bill of materials are identified in the journal 
C)  components for both item assembly and building from bill of materials are identified in the journal 
D)  components for building from bill of materials are identified in the ledger 
A)  item assembly components are identified in the ledger 
B)  components for building from bill of materials are identified in the journal 
C)  components for both item assembly and building from bill of materials are identified in the journal 
D)  components for building from bill of materials are identified in the ledger

Question 15

Time and billing reports may be organized by -

Accepted Answer

A)  activity, employee and inventory item 
B)  employee and inventory item 
C)  customer and activity 
D)  all of the above 
A)  activity, employee and inventory item 
B)  employee and inventory item 
C)  customer and activity 
D)  all of the above

Question 16

When you build items in the ledger records -

Accepted Answer

A)  you identify the rules for building the items later in the journal 
B)  you build one item at a time 
C)  Sage 50 Accounting will build the items automatically when you enter the quantity on hand on the quantity tab screen and save the record 
D)  the quantity you enter in the build field becomes the quantity on hand on the quantity tab screen 
A)  you identify the rules for building the items later in the journal 
B)  you build one item at a time 
C)  Sage 50 Accounting will build the items automatically when you enter the quantity on hand on the quantity tab screen and save the record 
D)  the quantity you enter in the build field becomes the quantity on hand on the quantity tab screen

Question 17

Which one of the following statements is correct about prices for inventory service activities that are set up for time and billing -

Accepted Answer

A)  activities may be charged at a flat fee or on the basis of time 
B)  prices are based on the unit prices on the pricing tab screen if the service is non-billable 
C)  prices are based on time for regular customers and on a flat fee for preferred price customers 
D)  prices must be based on a unit of time if the activity is billable 
A)  activities may be charged at a flat fee or on the basis of time 
B)  prices are based on the unit prices on the pricing tab screen if the service is non-billable 
C)  prices are based on time for regular customers and on a flat fee for preferred price customers 
D)  prices must be based on a unit of time if the activity is billable

Question 18

Before you can enter time slips journal information, you must -

Accepted Answer

A)  identify the inventory services as activities and enter the billing details for them 
B)  change the hourly wage rate for employees to match the rate charged for the activities 
C)  identify the preferred price list customers who will use the time and billing services 
D)  all of the above 
A)  identify the inventory services as activities and enter the billing details for them 
B)  change the hourly wage rate for employees to match the rate charged for the activities 
C)  identify the preferred price list customers who will use the time and billing services 
D)  all of the above

Question 19

In the inventory services ledger record time and billing screen, you can identify -

Accepted Answer

A)  the employee who will complete the activity marked for time and billing 
B)  a flat rate price for the service 
C)  the customer for whom the work is completed 
D)  whether the service is taxable for PST 
A)  the employee who will complete the activity marked for time and billing 
B)  a flat rate price for the service 
C)  the customer for whom the work is completed 
D)  whether the service is taxable for PST

Question 20

To indicate that an employee has been paid for an activity, you must -

Accepted Answer

A)  complete a payroll journal entry and add the time from time slips 
B)  fill and remove the time slip for that employee 
C)  complete the sales invoices for all the customers on the employee's time slip 
D)  edit the payroll status in the time slip journal 
A)  complete a payroll journal entry and add the time from time slips 
B)  fill and remove the time slip for that employee 
C)  complete the sales invoices for all the customers on the employee's time slip 
D)  edit the payroll status in the time slip journal

When time and billing is set up for a service activity -

If the update price lists screen shows the options to set Preferred prices by Decreasing Regular prices - Percent 5.0%, you will -

When you add time slip activities to a sales journal invoice -

The time slips journal tracks -

Payroll hours on time slips -

You might set up multiple inventory locations to track the quantities of inventory items -

Before you can enter time slips journal information, you must -

One of the following statements about multiple inventory locations is incorrect -

To set up additional foreign currencies, you must -

Time and billing details may be added -

You would record the movement of inventory items from store A to store B by -

When multiple foreign currencies are used by a business, inventory prices -

When the three times entered on a time slip are 4 hours, 3 hours and 2 hours -

The components used for building from the bill of materials in the journal differ from the components used for an item assembly as to -

Time and billing reports may be organized by -

When you build items in the ledger records -

Which one of the following statements is correct about prices for inventory service activities that are set up for time and billing -

Before you can enter time slips journal information, you must -

In the inventory services ledger record time and billing screen, you can identify -

To indicate that an employee has been paid for an activity, you must -

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Exam 18: Questions Ryders Routes Advanced Premium Features

When time and billing is set up for a service activity -

If the update price lists screen shows the options to set Preferred prices by Decreasing Regular prices - Percent 5.0%, you will -

When you add time slip activities to a sales journal invoice -

The time slips journal tracks -

Payroll hours on time slips -

You might set up multiple inventory locations to track the quantities of inventory items -

Before you can enter time slips journal information, you must -

One of the following statements about multiple inventory locations is incorrect -

To set up additional foreign currencies, you must -

Time and billing details may be added -

You would record the movement of inventory items from store A to store B by -

When multiple foreign currencies are used by a business, inventory prices -

When the three times entered on a time slip are 4 hours, 3 hours and 2 hours -

The components used for building from the bill of materials in the journal differ from the components used for an item assembly as to -

Time and billing reports may be organized by -

When you build items in the ledger records -

Which one of the following statements is correct about prices for inventory service activities that are set up for time and billing -

Before you can enter time slips journal information, you must -

In the inventory services ledger record time and billing screen, you can identify -

To indicate that an employee has been paid for an activity, you must -

Questions Getting Started

Questions Gst, Hst and Pst

Questions Binhs Bins

Questions Love It Again

Questions Groen Fields

Questions Phoebes Photo Studio

Questions Air Care Services

Questions Helenas Academy

Questions Northern Lights

Questions Karas Kitchens

Questions Andersson Chiropractic Clinic

Questions Maple Leaf Rags

Questions Shady Corners

Questions Sound Inc

Questions Tesses Tresses

Questions Velocity

Questions Able Associates Advanced Premium Features

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