Computer Accounting with Sage 50 Complete

Accounting 2013 17th Edition

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Chapter 08

Stone Arbor Landscaping: Time & Billing

True / False Questions

8-1
© 2014 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution
in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part.
1. In Chapter 8, you focus on the second sample company, Stone Harbor Lakes.

True False

2. Time & Billing gives you a way to track expenses and time when working with your vendors
and suppliers.

True False

3. The purpose of SCA's time & billing feature is to give you the tools to record customer-
related work or expenses.

True False

4. To track time and expenses, SCA uses two forms or tickets: the time ticket and the expense
ticket.

True False

5. Time tickets are used to track and aid in the recovery of customer-related expenses.

True False

6. Expense tickets are used to record time-based activities such as research or consultations.

True False

7. Both time and expense tickets can be used in the Sales/Invoicing window to bill your
customers.

True False

8-2
© 2014 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution
in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part.
8. In Stone Arbor Landscaping, there are two special inventory item classes for Time & Billing:
activity items and charge items.

True False

9. To look at the inventory maintenance information for Stone Arbor Landscaping, the Maintain;
Inventory Items window is used.

True False

10. Expense tickets are based on time.

True False

Multiple Choice Questions

11. In order to see how Mr. Hardman's charges were billed to a customer, you need to click the
arrow next to the Apply Tickets/Expenses selection on the following window:

A. Time/Expense, Time tickets window

B. Sales/Invoicing window

C. Time/Expense, Expense tickets window

D. Purchase/Receive inventory window

E. New bill window

8-3
© 2014 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution
in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part.
12. To see how Stone Arbor Landscaping sets up payroll for time and billing from the Navigation
Bar, make the following selections:

A. Employees & Payroll Navigation Center, click on the Employees icon and select View and
Edit Employees

B. Employees & Payroll Navigation Center, click on the Employees icon and select New
Employee

C. Employees & Payroll Navigation Center, click on the Pay Employees icon and select Enter
Payroll for One Employee

D. Customer & Sales Navigation Center, click on the Sales Invoices icon and select New
Sales Invoice

E. Vendor & Purchases Navigation Centers, click on the Bill icon, make the selections to view
and edit

13. Mr. Hardman is paid according to the following method:

A. Hourly rate - weekly

B. Salaries rate - biweekly

C. Hourly - Time Ticket Hours

D. Biweekly - Time Ticket Hours

E. Salaried - monthly

14. In Time & Billing, inventory item classes include:

A. Only activity items

B. Only charge items

C. Both activity and charge items

D. Time tickets and expense tickets

E. Job IDs and charges

8-4
© 2014 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution
in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part.
15. To review the time ticket information that Alan Hardman has billed on a completed job for the
O'Hara Homes Contract, from the Navigation Bar the selections are:

A. Customers & Sales Navigation Center, click on the Jobs icon and select View and Edit Jobs.
Then, select the appropriate job.

B. Employees & Payroll Navigation Center, click on the Time and Expense Tickets icon and
select New Expense Ticket. Select the Timesheet icon.

C. Employees & Payroll Navigation Center, click on the Time and Expense Tickets icon and
select View and Edit Time Tickets, select Ticket No. 282 or 288

D. Go to the Vendors Navigation Center, select the appropriate employee, then select the
appropriate job. Click Save when through to post

E. Go to the Inventory task, select the appropriate job. Save when through.

8-5
© 2014 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution
in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part.
 Chapter 08 Stone Arbor Landscaping: Time & Billing Answer Key

True / False Questions

1. In Chapter 8, you focus on the second sample company, Stone Harbor Lakes.

FALSE

In Chapter 8, you focus on the second sample company, Stone Arbor Landscaping.

2. Time & Billing gives you a way to track expenses and time when working with your
vendors and suppliers.

FALSE

Time & Billing gives you a way to track expenses and time when working with your
customers.

3. The purpose of SCA's time & billing feature is to give you the tools to record customer-
related work or expenses.

TRUE

4. To track time and expenses, SCA uses two forms or tickets: the time ticket and the
expense ticket.

TRUE

8-6
© 2014 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution
in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part.
5. Time tickets are used to track and aid in the recovery of customer-related expenses.

FALSE

Time tickets are used to record time-based activities such as research or consultations.

6. Expense tickets are used to record time-based activities such as research or

consultations.

FALSE

Expense tickets are used to track and aid in the recovery of customer-related expenses.

7. Both time and expense tickets can be used in the Sales/Invoicing window to bill your
customers.

TRUE

8. In Stone Arbor Landscaping, there are two special inventory item classes for Time &
Billing: activity items and charge items.

TRUE

9. To look at the inventory maintenance information for Stone Arbor Landscaping, the
Maintain; Inventory Items window is used.

TRUE

8-7
© 2014 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution
in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part.
10. Expense tickets are based on time.

FALSE

Expense tickets are used to track and aid in the recovery of customer-related expenses.
These expenses are not based on time. Expenses are based on various charges related to
the service being offered.

Multiple Choice Questions

11. In order to see how Mr. Hardman's charges were billed to a customer, you need to click
(p. 241) the arrow next to the Apply Tickets/Expenses selection on the following window:

A. Time/Expense, Time tickets window

B. Sales/Invoicing window

C. Time/Expense, Expense tickets window

D. Purchase/Receive inventory window

E. New bill window

Difficulty: 1 Easy

8-8
© 2014 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution
in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part.
12. To see how Stone Arbor Landscaping sets up payroll for time and billing from the
(p. 242) Navigation Bar, make the following selections:

A. Employees & Payroll Navigation Center, click on the Employees icon and select View
and Edit Employees

B. Employees & Payroll Navigation Center, click on the Employees icon and select New
Employee

C. Employees & Payroll Navigation Center, click on the Pay Employees icon and select
Enter Payroll for One Employee

D. Customer & Sales Navigation Center, click on the Sales Invoices icon and select New
Sales Invoice

E. Vendor & Purchases Navigation Centers, click on the Bill icon, make the selections to
view and edit

Difficulty: 2 Medium

13. Mr. Hardman is paid according to the following method:

(p. 242)

A. Hourly rate - weekly

B. Salaries rate - biweekly

C. Hourly - Time Ticket Hours

D. Biweekly - Time Ticket Hours

E. Salaried - monthly

Difficulty: 1 Easy

8-9
© 2014 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution
in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part.
14. In Time & Billing, inventory item classes include:
(p. 231)

A. Only activity items

B. Only charge items

C. Both activity and charge items

D. Time tickets and expense tickets

E. Job IDs and charges

Difficulty: 3 Hard

15. To review the time ticket information that Alan Hardman has billed on a completed job for
(p. 236- the O'Hara Homes Contract, from the Navigation Bar the selections are:
239)

A. Customers & Sales Navigation Center, click on the Jobs icon and select View and Edit
Jobs. Then, select the appropriate job.

B. Employees & Payroll Navigation Center, click on the Time and Expense Tickets icon
and select New Expense Ticket. Select the Timesheet icon.

C. Employees & Payroll Navigation Center, click on the Time and Expense Tickets icon
and select View and Edit Time Tickets, select Ticket No. 282 or 288

D. Go to the Vendors Navigation Center, select the appropriate employee, then select the
appropriate job. Click Save when through to post

E. Go to the Inventory task, select the appropriate job. Save when through.

Difficulty: 2 Medium

8-10
© 2014 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution
in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part.