Exam 1z0-1005 topic 1 question 47 discussion

Actual exam question from Oracle's 1z0-1005

Question #: 47
Topic #: 1

An installment for $2,000 USD is due for payment on July 31, 2016. The installment has two discounts: the first discount date is June 15, 2016 for $150 USD and the second discount date is June 30, 2016 for $50 USD.
You submit a Payment Process Request with the following criteria:
✑ Payment Date = June 20, 2016
✑ Pay Through Date = July 30, 2016
✑ Date Basis = Due Date
What will be the resulting status of the installment and discount?

A. The installment is not selected because the discount dates are before the Pay Through Date.
B. The installment is selected and no discount is applied.
C. The installment is not selected because the due date is after the Pay Through Date.
D. The installment is selected and a discount of $50 USD is applied.
E. The installment is selected and a discount of $150 USD is applied.

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Suggested Answer: C 🗳️

by Farzanah at April 28, 2020, 12:24 p.m.

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Michelle101

3 years, 7 months ago

C. The installment is not selected because the due date is after the Pay Through Date. The key is Date basis = Due Date. Refer to Examples of Date Basis in Payment Process Requests in the Using Invoice to Pay guide on docs.oracle.com.

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Anon_ymous

4 years, 9 months ago

D. Installment will be selected because pay through date is on or after discount date and discount of 50$ is applied because payment date is after 1st discount and before 2nd discount date reference: https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_990A6E638618D3BCE040D30A68811C7C

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jpx94

4 years, 8 months ago

No, it is C. Date basis=Due Date ==> No discount is taken. sample in AP Doc : Due Date: If you set the Date Basis field to Due date, the installment isn't selected for payment because the due date of March 31 is later than the pay through date of March 30.

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Yasas

4 years, 12 months ago

C. The installment is not selected because the due date is after the Pay Through Date.

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Farzanah

5 years ago

A. The installment is not selected because the discount dates are before the Pay Through Date.

upvoted 1 times

Chlo3

4 years, 10 months ago

@Farzanah, this is indeed the case when the Always Take Discount option is enabled. In this example however, the installment isn't selected as the Due Date is after the Pay Through Date.

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Exam 1z0-1005 topic 1 question 47 discussion

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