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Chapter 5: The following exercise will test your understanding of Fitters current credit-check system. In each situation, you are given background data and information about
Chapter 5: The following exercise will test your understanding of Fitters current credit-check system. In each situation, you are given background data and information about documents in the system (5 pts).
Situation #2: Given the information in the system for KLM Corporation, will credit be granted or denied for KLM Corporation's current order? If the system processed data in a more timely way, would it change the answer as to whether or not credit be granted? (Hint: Look at the "Documents in system" section) SITUATION 2 Background data Today's date list price, NRG-A $1.50/bar $1.60/bar $6,000 $8,000 ist price, NRG-B Accounts receivable balance at start of business day, KLM Corporation Credit limit, KLM Corporation Current order Product Amount Price Ship to Date desired Next invoice number NRG-B 5 cases (1,440 bars) List 7/8/13 A1200 Purchase order KLM 82332 for three cases (864 bars) of NRG-A. This order is in the sales order entry program, but it has not been transferred to the accounting program (thus, Accounting does not yet know about this sale)Step by Step Solution
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