Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Retail Service Specialists NWAE STUDY MATERIAL > Expenditures (P-487) > Flashcards

Expenditures (P-487) Flashcards

1
Q

What are six ways to expand merchandise?

A
  • Transfer to OSO
  • Transfer to Other Appropriation
  • Bulk Sales/Cash Refunds
  • Cost of operations
  • Survey
  • Credit Memo
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What forms will be used for expenditure transactions?

A

-DD form 200 (report of survey)
-DD form 1149 (requisition and invoice shipping
document)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

In the event of loss stock in shipment or stock damaged by water, oil, fire or other similar cause’s surveys will be charged to what fund?

A

-NWCF

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

In the event of theft or items that are shopworn or that have no resale value due to damage or deterioration regardless of dollar value will be charged to what fund?

A

-SSPN

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Who has full responsibility for surveys?

A

-C.O.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

What are Large Value Surveys?

A

-items that are less than $10,000 to be surveyed

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Who may survey Large Value Surveys?

A

-Supply Officer

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

What are Small Value Surveys?

A

-items that are $500 or more to be surveyed

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Who may Survey Small value surveys?

A

-Sales Officer

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Who may not be appointed as Surveying Officer?

A

-Sales Officer

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Who may be appointed as Surveying Officers?

A

-Commissioned Officer, Warrant Officer, or E7 or above

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

The Sales Officer will create a new DD Form 200 in Rom completing at least what following blocks?

A
  1. Survey Type
  2. Reason
  3. Items to be surveyed
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

The surveying officer will record the findings and recommendations of the review in what block of the DD Form 200?

A

-Block 14

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q
  1. For SSPN Surveys not requiring a Surveying officer who will type the following statement in block 14 of the DD form 200 “I have seen the above merchandise and ordered it destroyed”?
A

-Sales Officer

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q
  1. Either the Sales officer or Supply officer will sign what block depending on delegated authority from the C.O.?
A

-Block 15

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

The approving officer will sign what block of the DD Form 200?

A

-Block 18

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

After approval who will review and confirm the survey in Rom?

A

-Sales Officer

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

Ship’s store stock previously surveyed as missing in shipment may be received by what inventory?

A

-Spot Inventory

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

Who creates the requisition order when transferring to OSO?

A

-The Requesting Ship

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

Once material is received who will sign and date the original DD form 1149 an return it to the transferring ship?

A

-The Requesting Ship

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

Transfers to OSO will be summarized on the Navcompt 176 when?

A

-At the end of the accounting period

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

Ship’s store stock will not be transferred to foreign governments without specific approval from whom?

A

-Naval Supply Systems Command

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
23
Q

Issues of ship’s store stock will be made at what price?

A

-Cost

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
24
Q

Issues of Health and Comfort issues are authorized by whom?

A

-Navregs

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
25
Q

Issues to personnel in confinement will be in accordance with what manual?

A

-SECNAV 1640.9

26
Q

T/F Tobacco is considered a health and Comfort Item?

A

-True

27
Q

Issues of ships store stock items, other than clothing will not exceed what amount per month at retail price?

A

-$50.00 (use to be $35)

28
Q

Who will approve all health and comfort issues by signing the original and five copies of the DD form 504?

A

-C.O.

29
Q

Issues of clothing items to a prisoner will be expended from what fund? But charged to what fund?

A
  • NWCF

- OPTAR (Charged)

30
Q

When a prisoner is undergoing treatment aboard a hospital ship who will determine rather or not the prisoner will receive health and comfort?

A

-The ward medical officer

31
Q

What are the only items authorized to be issued to general mess?

A

-Only beverages and individual size servings of food items.

32
Q

Issues to general mess will be expended at what price and from what location?

A

-Cost price /Bulk Storeroom

33
Q

When issuing to general mess what functional accounts are credit and charged?

A
  • Credit 51000

- Charge 73170

34
Q

Upon completing and confirming of the issue General Mess the amount of the issue will be posted to what line of the NC 153?

A

-B10 (Issue to use and other Appropriation)

35
Q

Issues to ships use are charged to what fund?

A

-Optar

36
Q

What may be issued to food service personnel as organizational clothing?

A

-T-shirts bearing ships identification

37
Q

Ships plaques will be procured for stock only after approval from whom?

A

-NEXCOM

38
Q

On ships using Material Financial Control System (MFCS) issues to ships use will be processed as what type of transfers?

A

-Transfer to OSO

39
Q

When issuing to general stores what functional accounts are credit and charged?

A
  • Credit 51000

- Charge 13000

40
Q

Issues to the Marine Corps will be reported on what line of the NC 153?

A

-B10 (Issues to ships use and other appropriation)

41
Q

In accordance with what NAVREGS, Article may merchant ships in distress be issued items of ships store stock including non-distinctive clothing?

A

-NAVREGS 1144

42
Q

Articles of clothing for burial of the dead will be issued on request from what personnel?

A

-C.O./Medical Officer

43
Q

What does the acronym “AAA’’ stands for?

A

-Automated, Accounting, and Adjustment

44
Q

How often will the sales officer review the B22 report to monitor the differences?

A

-Weekly

45
Q

Any significant change to the B22 report not able to be explained should be reported to whom?

A

-NEXCOM

46
Q

What is known as a reduction in a previously established retail price of an item of merchandise?

A

-Markdown

47
Q

What is the percentage of Initial markdowns?

A

-25%-50%

48
Q

Who may increase or decrease the retail price to reflect the ships markdown policy and need to sell the merchandise?

A

-Sales Officer

49
Q

The cost of markdowns is chargeable to whom?

A

-Individual Ship’s Profits

50
Q

How many Markdown groups are there?

A

-3

51
Q

What is markdown group 1, 2, and 3?

A
  • group1- Jewelry (Just)
  • group2-Food (For)
  • group3-Uniform (U)
52
Q

Markdown group1 merchandise should be taken when the merchandise becomes how many months old?

A

-6 months

53
Q

What is a voluntary reduction in the retail price of an item to a price equal or below its average cost price?

A

-Retail Markdown

54
Q

If the retail price is below the average cost price, the item will generate what type of profit?

A

-Negative Gross Profit

55
Q

What is the preferred method to return ship store stock to a vendor?

A

-Cash Refund

56
Q

All merchandise returned to vendors will be returned from what location?

A

-Bulk Storeroom

57
Q

If after how many days a refund check or vendor’s credit invoice has not been received and difficulties are encountered assistance from Nexcom should be requested?

A

-60 days

58
Q

At the end of the accounting period, if a credit memo has not been received, the merchandise will be carried as part of what type of inventory?

A

-Bulk Inventory

59
Q

Credit invoices provided to ships from vendors will be included in what sent to DFAS?

A

-Monthly Transmittals

60
Q

ROM will post the cash refund to the Cash Sales invoice as a bulk sale to what line of the NC153?

A

-B12 (Bulk Sale)

Retail Service Specialists NWAE STUDY MATERIAL (21 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions