What Is the Correct Sequence of the Order-To-Cash Process

question 96

Multiple Choice

What is the correct sequence of the order-to-cash process?

• A) responding to customer inquiries; sales order processing; pick and pack; billing; shipping; payment
• B) sales order processing; responding to customer inquiries; pick and pack; shipping; billing; payment
• C) sales order processing; pick and pack; billing; shipping; payment; responding to customer inquiries
• D) responding to customer inquiries; sales order processing; pick and pack; shipping; billing; payment

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Definitions:

Proportionate Share

A portion or percentage of an entity or amount that corresponds to an individual's part in the whole.

FMV

Fair Market Value (FMV) is the estimated price at which an asset would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of relevant facts.

Basis

The amount paid for an asset, used to calculate gain or loss for tax purposes.

Form 1120

A tax form used by corporations in the United States to report their income, gains, losses, deductions, and credits to the IRS.