Answers - Configuration Challenge #R2

Challenge

Here is a link to the original challenge.

Answers

• The GetDate() function gets the day component of the calculation's start date (ex: the day component of 2021-10-15 is 15).
• The business purpose is to use a lower quota of 8000 when the calculation has its start date on the 1st of the month, and a higher quota of 16000 otherwise.
• For example, this could be used by a 2-week plan, where the quota depends on which half of the month we are calculating for.
• Additional configuration would be required if, when calculating for the 2nd half of the month, we wanted to check all in-month transactions, and retroactively pay commissions (if the full month quota was met).
• This could be managed by doing the following:
  • First, setup advanced options to always scan in-month transactions (so, if we are calculating for the 2nd of the month, we include all in-month transactions, from the 1st of the month)
    

        

• Second, setup a formula to re-evaluate the owed commission amount, and only pay the delta (some transactions for the first half of the month may already have been paid if the half-quota was attained)
  

    

• Related Articles

• Answers - Configuration Challenge #R1

  Challenge Here is a link to the original challenge. Answers First code block The business purpose is to exclude transactions whose policy ID is strictly more than 8797. This logic could also be moved to a transaction saved query as an alternative ...

• Answers - Configuration Challenge #R3

  Challenge Here is a link to the original challenge. Answers The business purpose is to calculate a recoverable draw repayment amount. A recoverable draw consists of advances which need to be repaid. A recoverable reward with a positive value is an ...

• Configuration Challenge #R3

  Goal The goal of this configuration challenge is to get your familiar with various formulas. For this challenge, you will analyze formulas and try to determine why they were added. Comments were removed to make the task more difficult. Difficulty ...

• Configuration Challenge #R2

  Goal The goal of this configuration challenge is to get your familiar with various formulas. For this challenge, you will analyze formulas and try to determine why they were added. Comments were removed to make the task more difficult. Difficulty ...

• Configuration Challenge #R1

  Goal The goal of this configuration challenge is to get your familiar with various formulas. For this challenge, you will analyze formulas and try to determine why they were added. Comments were removed to make the task more difficult. Difficulty ...