Company M is a U$.$S$.-$based entity that operates in multiple countries. It has accounts payable and accounts receivable in its domestic currency and in a foreign currency. The controller has requested that an analysis be completed of these transactions to ensure records are complete and correct exchange rates are applied to customer invoices. Each customer is required to provide a purchase order $($PO$)$ in the entity$$s domestic currency based on the market exchange rate on the day the PO is approved by Company M$.$ The sales department verifies inventory availability and enters the order into the system. The accounts receivable team then reviews the PO$,$ confirms it$,$ approves it$,$ and processes the invoice.

The accounts receivable team has data files in their database. Review the exhibits provided and respond to the questions in the table below by selecting the correct answer from the options provided.

A B

$1$

Question

Response

$2$ Which data set should the team use to determine the highest accounts receivable balance?

$3$ Which unique data field connects all four data sets?

$4$ What data fields are compared to ensure that the correct date has been used for the exchange rate?

$5$ What data field indicates when the order was fully processed?

$6$ The team should use which data set to analyze the risk of not receiving payment from a customer?

$7$ Entering the exchange rate on the purchase order approval date exposes Company M to what risk?

$8$ When deciding whether to extend credit to a customer, which data set should be accessed?

$9$ Company M has entered into a futures contract with a supplier, but the only date in the system is the date the PO was approved. What data set should be updated first to ensure other information in the system flows through correctly?