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Q19. You are the accounts payable payment clerk at your company.
You need to create a payment journal for all vendors that require check payments with transactions that are due through the end of the current week. You create a new payment journal and open the lines.
What should you do next?
A. Settle transactions.
B. Post and transfer.
C. Create a payment proposal.
D. Generate payments.
Answer: C
Q20. You create and post a payment journal with a method of payment that is configured with bridging accounts. The bank notifies you that the payment has cleared the account.
What should you do next?
A. Create a general journal, and use theBridged transactions feature to select and move the payment to a Bank account.
B. Create a general journal with an offset account for the correct bank, and use the Settlement feature to select the Bridged transactions to clear.
C. Create a generaljournal,adding lines to debit the bridging accounts and credit the bank account, then use the Bridged transaction feature to mark the journal lines for settlement.
D. Create a general journal, adding lines to debit the bridging account and credit the bankaccount, then use the bank reconciliation feature to settle the Bridged transaction with the bank transaction.
Answer: D
Q21. Yourdepartment manager wants an estimate of the actual invoice amounts that you will bill for a customer this month. However, the department manager does not want these amounts posted.
From which two types of invoices can you create a pro forma invoice? Eachcorrect answer presents a complete solution.
A. subledger
B. customer
C. payment schedule
D. free text
Answer: B,D
Q22. You need to configure the costing methodology to be a Weighted Average for all items. What should you configure?
A. product dimension groups
B. item model groups
C. tracking dimension groups
D. item groups
Answer: B
Q23. You are an accounts receivable manager.
Your company wants its top 10 customers in August to receive a best-selling product at a reduced price.
You need to establish a price.
Which two actions should you perform to configure Microsoft Dynamics AX Distribution and Trade for this task? Each correct answer presents part of the solution.
A. Set up the item sales price in the released product table.
B. Set up a Customer group for the 10 customers to be assigned to.
C. Setup a price/discount journal.
D. Set up a Price/Discount group for the 10 customers.
Answer: C,D
Q24. You are the accounts payable manager for your company.
You want to create an invoice, but you do not need the approvalprocess.
Which method allows you to post as soon as you record the invoice from the vendor?
A. Voucher template
B. Invoice journal
C. Invoice register
D. Periodic journal
Answer: D
Q25. You are the payroll manager for your company. You are responsible for paying commission to sales personnel. The company has a rule that commission rates are based on number of years of employment withthe company.
You need to configure Microsoft Dynamics AX Distribution and Trade to calculate these amounts.
Which three setups must be completed to configure these calculations? Each correct answer presents part of the solution.
A. Pay agreements
B. Sales group
C. Calculation parameters
D. Commission calculation
E. Employee
Answer: B,D,E
Q26. You set up a Best Supplier in a Vendor group, but after 6 months of using that group, you need to change the settings for that vendor to those of another vendor group.
What are two possible ways to achieve this goal? Each correct answer presents part of the solution.
A. Change the vendor group associated with the vendor.
B. Delete the vendor, and then re-set the vendor up with a different account and different vendor group.
C. Change the settings on the vendor group associated with the vendor.
D. Change the individualsettings, including the posting profiles and default settings, on the vendor to those of the desired group.
Answer: A,C
Q27. Your supervisor asks you to complete the sales quotations that you have sent to a series of prospects.
Which two actions must you perform on each sales quotation to process it? Each correct answer presents part of the solution.
A. Clear the order holds.
B. Mark the quotation as effective.
C. Generate a confirmation.
D. Convert the prospects to customers.
Answer: B,C
Q28. The bill of exchange process needs to be set up on your new Microsoft Dynamics AX Distribution and Trade system.
Which three configuration steps are required? Each correct answer presents part of the solution.
A. journal names foreachstage
B. bridging account
C. posting profiles
D. remittance format
E. a method of payment
Answer: A,D,E
Q29. You are the payroll manager for your company. You are responsible for paying commission to sales personnel. The company has a rule that commission rates are based on number of years of employment withthe company.
You need to configure Microsoft Dynamics AX Distribution and Trade to calculate these amounts.
Which three setups must be completed to configure these calculations? Each correct answer presents part of the solution.
A. Pay agreements
B. Sales group
C. Calculation parameters
D. Commission calculation
E. Employee
Answer: B,D,E
Q30. You create and post a payment journal with a method of payment that is configured with bridging accounts. The bank notifies you that the payment has cleared the account.
What should you do next?
A. Create a general journal, and use theBridged transactions feature to select and move the payment to a Bank account.
B. Create a general journal with an offset account for the correct bank, and use the Settlement feature to select the Bridged transactions to clear.
C. Create a generaljournal,adding lines to debit the bridging accounts and credit the bank account, then use the Bridged transaction feature to mark the journal lines for settlement.
D. Create a general journal, adding lines to debit the bridging account and credit the bankaccount, then use the bank reconciliation feature to settle the Bridged transaction with the bank transaction.
Answer: D
Q31. You are creating a new product master.
Which three steps should you complete on the product master before using the product on salesorders and purchase orders? Each correct answer presents part of the solution.
A. Create product attributes in one or more legal entities.
B. Create product dimension values.
C. Create product variants.
D. Release the products and variants to one or morelegal entities.
E. Create product dimension groups.
Answer: B,D,E
Q32. You work for a dairy company that is buying, selling, and packaging milk products. Each finished milk product is tracked in the inventory by the physical quantity ofmilk
containers. The raw milk is purchased by the gallons but is consumed in the BOMs and formulas by the pound.
You need to configure the unit of measure conversion for the product. What should you do?
A. Create two different item numbers: one with theunit of measure set to pounds andthe other set to gallons. Then, create transfers between the items when you need to purchase or consume the items. The system will automatically convert the units during the transfer.
B. Create one item number. Create an intra-unit conversion on the product to convert the pounds to gallons. The system will automatically convert the values based on the unit of measure specified on the transactions.
C. Create one item number with two different configurations: set one to pounds and the other to gallons. Then,create transfers between the configurations when you need to purchase or consume the items. The system will automatically convert the units during the transfer.
D. Create one item number. Create an inter-unit conversion onthe product to convert the poundsto gallons. The system will automatically convert the values based on the unit of measure specified on the transactions.
Answer: D
Q33. You are the accounts receivable manager for your company.
You want to set up Microsoft Dynamics AX Distribution and Trade so that agroup of customers are automatically charged a handling charge on all orders based on their geographic location.
Which charges groups should you set up?
A. Item charge group
B. Vendor charge group
C. Delivery charges groups
D. Customer charge group
Answer: D
Q34. Yourdepartment manager wants an estimate of the actual invoice amounts that you will bill for a customer this month. However, the department manager does not want these amounts posted.
From which two types of invoices can you create a pro forma invoice? Eachcorrect answer presents a complete solution.
A. subledger
B. customer
C. payment schedule
D. free text
Answer: B,D
Q35. You are working with a vendor who supplies you with apparel and sporting good products. You are negotiating a new purchase agreement with thevendor.
The agreement terms you have arranged with the vendor are for a 3 percent discount on all of the sporting good products when the order volume over the next month is at least 50,000 USD.
Which commitment type should you use?
A. product quantity
B. product value
C. product category value
D. value
Answer: C
Q36. You are the controller for your company.
Company policy states that whena sales order is entered, the credit limit needs to be checked against the outstanding balance owed plus any sales order that has not been shipped, delivered, or invoiced yet.
How should you configure Microsoft Dynamics AX Distribution and Trade in thissituation?
A. In the Customer record, set the Credit limit to 0, which will check against all outstanding transactions.
B. In the Customer record, disable the Mandatory credit limit.
C. In Accounts receivable parameters, set the Credit limit type toBalance.
D. In Accounts receivable parameters,set the Credit limit type to Balance+All.
Answer: D