Ship's Store Profits (P-487)

Question 1

SSPN is what type of fund, and carried on the books by what department?

Answer 1

-Trust fund/ Treasury Department

Question 2

What is the appropriation for SSPN?

Answer 2

-17X8723.2301

Question 3

SSPN General Fund is maintained by whom?

Answer 3

-Naval Supply Systems Command

Question 4

The Maximum of retail stores is what percentage?

Answer 4

-20%

Question 5

The Maximum of Drink Vending Machines is what percentage?

Answer 5

-55%

Question 6

Line C02 minus B21 divided by C02 equals percent of what?

Answer 6

-Gross Profit

Question 7

An Official letter request will be submitted to whom stating the purpose of the loan?

Answer 7

-NEXCOM

Question 8

Normally a ship is required to repay a loan within how man accounting periods?

Answer 8

-Three

Question 9

Ships having a complement of less than 350 may request authority to repay a loan in how many installments?

Answer 9

-5

Question 10

Loans to cover modernization may be requested for a period of up to a maximum of how many years?

Answer 10

-Three

Question 11

When a loan is approved, the amount of the loan will be entered as a one-time entry on what line of the NC153?

Answer 11

-C05

Question 12

The Nexcom letter will be reported on what line of the NC153?

Answer 12

-C05

Question 13

Loan repayments will be reported on what line of the NC153?

Answer 13

-C20

Question 14

The Bupers percentage for 1500 or more personal is what?

Answer 14

-5%

Question 15

The Bupers percentage for 500-1500 is what percent?

Answer 15

-4.5%

Question 16

The Bupers percentage for fewer than 500 is what percent?

Answer 16

-0%

Question 17

What is the Manpower authorization document for enlisted and officers?

Answer 17

-OPNAV 1000/2

Question 18

Reimbursement will be based on a depreciation scale of what percent for the first year and what percent for each succeeding year and up to what maximum percentage?

Answer 18

-30% (1st year) / 10% (Succeeding year) and 70% Max

Question 19

Who has the authority to approve claims or may delegate this authority to the supply officer or sales officer?

Answer 19

-C.O.

Question 20

What document will be used to pay for claims?

Answer 20

-SF1034

Question 21

At the end of the accounting period the amount of laundry claims will be entered on what line of the NC153?

Answer 21

-C13

Question 22

Who has first claim on any profits transferred to the ships recreation fund (MWR) in error?

Answer 22

-U.S. Government

Question 23

What document will be used to transfer funds to MWR?

Answer 23

-SF1034

Question 24

Liabilities assumed will be entered on what line of the NC153?

Answer 24

-C24A

Question 25

Payment will be disbursed to the recreation fund within how many days following submission of the returns?

Answer 25

-15

Question 26

Who will prepare the SF1034 covering the amount of ship’s store profits to be transferred to the recreation fund?

Answer 26

-Sales Officer

Question 27

During an accounting period, if it is necessary to transfer ship’s store profits to the recreation fund the sales officer must submit a letter or email request to whom?

Answer 27

-NEXCOM / copy to TYCOM and DFAS

Question 28

Who is responsible for the administration of the recreation fund (MWR)?

Answer 28

-CO