- (Exam Topic 4)
SIMULATION
You are a functional consultant for a company named Contoso Entertainment System USA (USMF).
You perform a manual inventory count and discover that item number T0003 has an inventory count of 230 units.
You need to adjust the inventory to reflect the manual count. To complete this task, sign in to Dynamics 365 portal.
Solution:
There are several ways to update the inventory. You can use one of the inventory adjustment journals or you can use the quantity adjust functionality to adjust the Quantity of Inventory from the ‘On hand inventory’ form.
Navigate to Product Information management > Products > Released Product
In the Released Product form, select item number T0003.
On the Manage Inventory action tab, click the ‘On Hand inventory’ button.
On ‘On Hand inventory’ you can check available quantity.
Click the Quantity adjustment button to adjust the quantity.
In the Quantity field, specify the quantity 230.
Once the quantity has been specified click on OK button.
Now you can check adjusted quantity on ‘On Hand Inventory’ form.
Reference:
https://www.cloudfronts.com/quantity-adjustment-hand-inventory-d365-finance-operations/

Does this meet the goal?

Correct Answer:A

- (Exam Topic 4)
Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution.
After you answer a question in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen.
You are the purchasing manager at a manufacturing company that makes audio equipment.
You sign an agreement with a vendor to purchase 5,000 speaker cables, item C0001, at a discounted rate of $3.00 per cable. This agreement expires in exactly one year.
You need to set up pricing information and track the fulfillment of the agreement. Solution:
Create a trade agreement journal of type Price (purch.).
Add a line for item C0001 for the vendor.
Enter a unit price of $3,00 for a quantity up to 5,000 and enter an expiration date for next year. Does the solution meet the goal?

Correct Answer:B

- (Exam Topic 4)
You are the sales manager at a distribution company.
You have a drop-ship order for a batch of chemicals that will go directly from your vendor to your customer. You need to create and process this direct delivery within Dynamics 365 Finance and Operations.
Which three actions should you perform in sequence? To answer, move the appropriate actions from the list of actions to the answer area and arrange them in the correct order.

Solution:


Does this meet the goal?

Correct Answer:A

- (Exam Topic 4)
You are the logistics manager at a distribution company. Your primary carrier service provides rates for transportation between New York City and Colorado. These rates are a flat rate depending on the city or general area of pickup as follows:
New York City = $500
Colorado = $450
You need to set up Transportation Management to calculate the rate from New York City to Colorado. What should you do?

Correct Answer:C

- (Exam Topic 4)
Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution.
After you answer a question in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen.
A company has an agreement to pay royalties to a third party for use of their logo.
A royalty contract must be setup so that the third party paid monthly. The payment is based on invoiced sales. You need to create a royalty contract and create monthly Accounts payable to the third party.
Solution: Create a royalty contract. Select monthly for the cumulative sales. Add line item, products, and value to pay the vendor for use of the logo.
Doss the solution meet the goal?

Correct Answer:A
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/accounts-payable/royalty-contract

- (Exam Topic 4)
Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution.
After you answer a question in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen.
A company has an agreement to pay royalties to a third party for use of their logo.
A royalty contract must be setup so that the third party paid monthly. The payment is based on invoiced sales. You need to create a royalty contract and create monthly Accounts payable to the third party.
Solution: Create a royalty claim in Accounts receivable. Set up the third party as a customer to be paid royalties for use of the logo.
Does the solution meet the goal?

Correct Answer:B