Question

 A customer purchased products from your company but did not pay at the time of purchase. What should you issue to the customer to collect payment?

 SELECT NLY NE

•  Statement

•  Purchase Order

•  Sales Receipt

•  Invoice

 An office manager received the vendor's receipt below. To which TWO budget categories should the company attribute these expenses?

 SELECT ALL THAT APPLY

•  Office Supplies

•  Vehicle

•  Subcontractors

 What's the total Late Fee Interest charged to the customers based on the policy below?

Answer 1

Answers

• Answer #1

Customer has not yet paid, hence an invoice is to be issued to him.
This invoice will contain details regarding the item purchased by the customer, the amount due to be paid, the due date of payment if any, rate of cash discount (if any).
Hence, correct answer is Option #4 INVOICE

• Answer #2
  The items belong to Office Supplies categories.
  Since the question asks for TWO budget categories to select of the THREE categories provided by you, only VEHICLE is the odd one out.
  Hence, of all the THREE options provided, select:
  --Office Supplies
  --Subcontractors
  [Assumption: Only these 3 options that you have provided are reflected in the question]
• Answer #3

--1 to 30 days: $ 500 x 0% = $ 0
--31 to 60 days: $ 1000 x 5% = $ 50
--61 to 90 days: $ 0 x 10% = $ 0
-->90 days: $ 0 x 20% = $ 0

Answer: Total Late Fee Interest = 0 + 50 + 0 + 0 = $ 50