Online Access Free 1Z0-1059 Practice Test

Your customer ships machines, and can recognize revenue for each machine after the machine has been delivered to a customer without waiting for complete satisfaction of an entire performance obligation. How would you configure Satisfaction Method (SM) and Satisfaction Measurement Model (SMM) in Revenue Management to recognize revenue for these performance obligations at a point in time?

• A.by setting SM to "Allow Partial" and SMM to "Quantity"
• B.by setting SM to "Requires Complete" and SMM to "Period"
• C.by setting SM to "Requires Complete" and SMM to "Quantity"
• D.by setting SM to "Allow Partial" and SMM to "Period"
• E.by setting SM to "Requires Complete" and SMM to "Percent"

What is a Standalone Selling Price (SSP)?

• A.the average of your bundled price
• B.the list price
• C.the price you would use if you sold to a customer separately
• D.the sum of the SSPs of the components

What is a contract modification?

• A.an increase or decrease in expected collectability
• B.a change (modification) to the contract data
• C.a revision or correction to the estimate of variable consideration made at inception
• D.a change to the contract caused by negotiation with the customer

Which is the correct definition of the Performance Obligation Liability on the balance sheet, replacing the Deferred Revenue liability?

• A.your invoiced goods and services less those goods and services that you have not yet delivered
• B.Unearned Revenue
• C.your debt to customers for goods and services you are obliged to deliver to them by either party acting
• D.your debt to customers for goods and services you are obliged to deliver to them by either party acting less your right to invoice them for those goods and services once delivered

Which is NOT a Price Band Type?

• A.Quantity Band
• B.Amount Band
• C.Set Band
• D.Percentage Band