1055-25 Payment Practice Questions

An installment for $2,000 USD is due for payment on July 31, 2022. The installment has two discounts: the first discount date is June 15, 2022 for $150 USD and the second discount date is June 30, 2022 for $50 USD. You submit a Payment Process Request with the following criteria: Payment Date = June 20, 2022 Pay Through Date = July 30, 2022 Date Basis = Due Date What will be the resulting status of the installment and discount?

• AA. The installment is selected and no discount is applied.
• BB. The installment is selected and a discount of $50 USD is applied.
• CC. The installment is selected and a discount of $150 USD is applied.
• DD. The installment is not selected because the due date is after the Pay Through Date.
• EE. The installment is not selected because the discount dates are before the Pay Through Date.

Your company will be utilizing the Campaign Management for Early Payment Discount Offers feature to maximize early payment discounts. This feature allows companies to send email-based campaigns offering suppliers the opportunity to enroll in an early payment discounts program. There is a predefined list of response options that suppliers can choose from, and such supplier responses are then automatically processed and applied in the system. Which two are predefined response options available to suppliers?

Select 2 answers.

• AA. Accept All Offers
• BB. Decline the Offer
• CC. Subscribe
• DD. Enroll in a Standing Offer

You need to issue an off-cycle, single payment for a supplier before the next scheduled payment run. The invoice you need to pay has been uploaded into the system, yet it is not available for selection on the Create Payment page. Select two potential reasons for this:

Select 2 answers.

• AA. The invoice is not validated.
• BB. The invoice is not yet due.
• CC. The payment supplier site you selected is different from the supplier site on the invoice.
• DD. The invoice is not accounted.