Microsoft-AX 2009 Financials Set 7

Contoso purchases an asset costing USD 100, 000 with a cash discount of USD 5,000. Adjustments are being made to the acquisition price considering the discount. The asset has to be depreciated at 10% on the Straight line method on USD 95,000 as per company policy. How is this achieved in Microsoft Dynamics AX 2009?

The Accountant of Contoso needs to record an additional life cycle for an asset. Where is this information stored in Microsoft Dynamics AX2009?

The Accountant wants to specify a check number manually when generating a payment. What setup is required for the check number in the Check layout form in Microsoft Dynamics AX 2009?

The Cash discount administration is set to unspecific. On October 1, an invoice is entered for USD 1000 for the customer, Desk World. A 2% discount is offered if the payment is made within seven days and 4% discount is offered if the payment is made within five days. The customer makes the payment on October 7. For what amount is the invoice settled in Microsoft Dynamics AX 2009?

The Controller wants to restrict posting customer transactions that exceed the credit limit amount, with respect to the customer balance. What must be selected to achieve this in Microsoft Dynamics AX 2009?

Which calculation methods are available for defining the Payment Fee in Microsoft Dynamics AX 2009? Choose the 2 that apply.

Contoso has a standard vendor payment term of Net 30 days. If an order with a Net 30 days payment terms is received on August 15, and the invoice is dated September 15; what is the due date for the invoice in Microsoft Dynamics AX 2009?

What happens to posted transactions when a period of transactions is deleted in the period form in Microsoft Dynamics AX 2009?

Contoso Entertainment Europe (CEE) is the subsidiary of Contoso Entertainment US (CEU).The Consolidated company does not have any chart of accounts and the subsidiary chart of accounts is being used in the consolidated company. Which h of the following statements are true when this consolidation is performed in Microsoft Dynamics AX 2009?

For which of the following options can the posting validation settings for a ledger account be defined in Microsoft Dynamics AX 2009? Choose the 2 that apply.