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Author Question: List and describe the 6 steps in the order-to-cash process.[br][br][b][color=#165FFA]Question ... (Read 114 times)

Awilson837

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List and describe the 6 steps in the order-to-cash process.

Question 2

If a City Manager is looking at the cash forecast, he or she is most likely concerned about which of the following issues?
 
  a. anticipated police overtime pay resulting from the 4th of July parade next summer
  b. the expected cost of bridge repairs in the coming five years
  c. anticipated short-term borrowing to cover the end of month payroll
  d. the total amount to be spent for Fire Department operations in the current year



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rleezy04

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Answer to Question 1

1 . Pre-sales activities including responding to customer inquiries and RFQs.
2 . Sales order processing which includes capturing and recording customer orders.
3 . Pick and pack which includes picking the goods from the shelf in the warehouse and packing the goods for shipment.
4 . Shipping the goods to the customer which includes selecting the appropriate carrier, recording the reduction in inventory, recording cost of goods sold.
5 . Billing which includes preparing the customer invoice, recording sales, and recording accounts receivable.
6 . Payment which includes recording cash receipts, updating cash and accounts receivable.

Answer to Question 2

c




Awilson837

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Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)


kusterl

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Reply 3 on: Yesterday
Excellent

 

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