Online Access Free 1z0-974 Exam Questions

A furniture store is running a promotion for a toaster with the purchase of a sofa or chair set. Data about the free toaster is not captured in any upstream application.
How should you handle this scenario In Revenue Management?

• A.Define an adhoc rule in the Revenue Price Profile to include the toaster.
• B.Create the performance obligation for the toaster manually.
• C.Define an Implied Performance Obligation Template to automatically add a performance obligation for the toaster.
• D.Ignore the performance obligation for the toaster because it was free of cost to the customer.

Which three statements describe how Revenue Management creates accounting contracts to meet the new ASC 606 / IFRS 15 revenue recognition standards?

• A.by grouping source document lines intro contracts for each identified customer
• B.by only creating contracts that are source system specific
• C.by identifying and creating one or more performance obligations for a given accounting contract
• D.by calculating Total Transaction Price for contracts
• E.by allowing manual allocation of Total Transaction Price across performance obligations
• F.by restricting users from excluding contract lines

Which three statements about Effective Periods are true?

• A.You cannot have overlapping periods.
• B.Effective Periods only define the rage where standalone selling prices of an item should be effective.
• C.Gaps between periods are not allowed.
• D.Effective Periods are used for standalone selling prices and for creating journal entries.
• E.If effective periods are not defined. Revenue Management uses the General Ledger calendar.

Given you can optionally use pricing bands to create standalone selling prices, which setting enables you to use pricing bands?

• A.when a pricing dimension structure Instance Is enabled for pricing bands
• B.when a value set segment label of Set Band is used
• C.when a pricing dimension structure is enabled for pricing bands
• D.when a source document type is enabled to use pricing bands

A corporation does not have reliable historical Standalone Selling Prices stored In Its source systems. What option is available to help the corporation in this scenario?

• A.Navigate to the "Manage Revenue Price Profiles" page and download spreadsheet template to enter estimated prices manually.
• B.Navigate to the "Manage Revenue Price Profiles" page and enter estimated prices manually in the browser user interface.
• C.Run the Calculate Observed Standalone Selling Prices program to derive prices.
• D.Load estimated prices to table VRM_SOURCE_DOCUMENTS using SQL script.