Expenditures (P-487)

Question 1

What are six ways to expand merchandise?

Answer 1

• Transfer to OSO
• Transfer to Other Appropriation
• Bulk Sales/Cash Refunds
• Cost of operations
• Survey
• Credit Memo

Question 2

What forms will be used for expenditure transactions?

Answer 2

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

Question 3

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?

Answer 3

-NWCF

Question 4

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?

Answer 4

-SSPN

Question 5

Who has full responsibility for surveys?

Answer 5

-C.O.

Question 6

What are Large Value Surveys?

Answer 6

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

Question 7

Who may survey Large Value Surveys?

Answer 7

-Supply Officer

Question 8

What are Small Value Surveys?

Answer 8

-items that are $500 or more to be surveyed

Question 9

Who may Survey Small value surveys?

Answer 9

-Sales Officer

Question 10

Who may not be appointed as Surveying Officer?

Answer 10

-Sales Officer

Question 11

Who may be appointed as Surveying Officers?

Answer 11

-Commissioned Officer, Warrant Officer, or E7 or above

Question 12

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

Answer 12

1. Survey Type
2. Reason
3. Items to be surveyed

Question 13

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

Answer 13

-Block 14

Question 14

14. 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”?

Answer 14

-Sales Officer

Question 15

15. Either the Sales officer or Supply officer will sign what block depending on delegated authority from the C.O.?

Answer 15

-Block 15

Question 16

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

Answer 16

-Block 18

Question 17

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

Answer 17

-Sales Officer

Question 18

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

Answer 18

-Spot Inventory

Question 19

Who creates the requisition order when transferring to OSO?

Answer 19

-The Requesting Ship

Question 20

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

Answer 20

-The Requesting Ship

Question 21

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

Answer 21

-At the end of the accounting period

Question 22

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

Answer 22

-Naval Supply Systems Command

Question 23

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

Answer 23

-Cost

Question 24

Issues of Health and Comfort issues are authorized by whom?

Answer 24

-Navregs

Question 25

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

Answer 25

-SECNAV 1640.9

Question 26

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

Answer 26

-True

Question 27

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

Answer 27

-$50.00 (use to be $35)

Question 28

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

Answer 28

-C.O.

Question 29

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

Answer 29

- NWCF | - OPTAR (Charged)

Question 30

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

Answer 30

-The ward medical officer

Question 31

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

Answer 31

-Only beverages and individual size servings of food items.

Question 32

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

Answer 32

-Cost price /Bulk Storeroom

Question 33

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

Answer 33

- Credit 51000 | - Charge 73170

Question 34

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

Answer 34

-B10 (Issue to use and other Appropriation)

Question 35

Issues to ships use are charged to what fund?

Answer 35

-Optar

Question 36

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

Answer 36

-T-shirts bearing ships identification

Question 37

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

Answer 37

-NEXCOM

Question 38

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

Answer 38

-Transfer to OSO

Question 39

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

Answer 39

- Credit 51000 | - Charge 13000

Question 40

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

Answer 40

-B10 (Issues to ships use and other appropriation)

Question 41

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

Answer 41

-NAVREGS 1144

Question 42

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

Answer 42

-C.O./Medical Officer

Question 43

What does the acronym “AAA’’ stands for?

Answer 43

-Automated, Accounting, and Adjustment

Question 44

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

Answer 44

-Weekly

Question 45

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

Answer 45

-NEXCOM

Question 46

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

Answer 46

-Markdown

Question 47

What is the percentage of Initial markdowns?

Answer 47

-25%-50%

Question 48

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

Answer 48

-Sales Officer

Question 49

The cost of markdowns is chargeable to whom?

Answer 49

-Individual Ship’s Profits

Question 50

How many Markdown groups are there?

Answer 50

-3

Question 51

What is markdown group 1, 2, and 3?

Answer 51

- group1- Jewelry (Just) - group2-Food (For) - group3-Uniform (U)

Question 52

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

Answer 52

-6 months

Question 53

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

Answer 53

-Retail Markdown

Question 54

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

Answer 54

-Negative Gross Profit

Question 55

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

Answer 55

-Cash Refund

Question 56

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

Answer 56

-Bulk Storeroom

Question 57

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?

Answer 57

-60 days

Question 58

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?

Answer 58

-Bulk Inventory

Question 59

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

Answer 59

-Monthly Transmittals

Question 60

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

Answer 60

-B12 (Bulk Sale)