Ship's Store Profits (P-487) Flashcards
SSPN is what type of fund, and carried on the books by what department?
-Trust fund/ Treasury Department
What is the appropriation for SSPN?
-17X8723.2301
SSPN General Fund is maintained by whom?
-Naval Supply Systems Command
The Maximum of retail stores is what percentage?
-20%
The Maximum of Drink Vending Machines is what percentage?
-55%
Line C02 minus B21 divided by C02 equals percent of what?
-Gross Profit
An Official letter request will be submitted to whom stating the purpose of the loan?
-NEXCOM
Normally a ship is required to repay a loan within how man accounting periods?
-Three
Ships having a complement of less than 350 may request authority to repay a loan in how many installments?
-5
Loans to cover modernization may be requested for a period of up to a maximum of how many years?
-Three
When a loan is approved, the amount of the loan will be entered as a one-time entry on what line of the NC153?
-C05
The Nexcom letter will be reported on what line of the NC153?
-C05
Loan repayments will be reported on what line of the NC153?
-C20
The Bupers percentage for 1500 or more personal is what?
-5%
The Bupers percentage for 500-1500 is what percent?
-4.5%
The Bupers percentage for fewer than 500 is what percent?
-0%
What is the Manpower authorization document for enlisted and officers?
-OPNAV 1000/2
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?
-30% (1st year) / 10% (Succeeding year) and 70% Max
Who has the authority to approve claims or may delegate this authority to the supply officer or sales officer?
-C.O.
What document will be used to pay for claims?
-SF1034
At the end of the accounting period the amount of laundry claims will be entered on what line of the NC153?
-C13
Who has first claim on any profits transferred to the ships recreation fund (MWR) in error?
-U.S. Government
What document will be used to transfer funds to MWR?
-SF1034
Liabilities assumed will be entered on what line of the NC153?
-C24A
Payment will be disbursed to the recreation fund within how many days following submission of the returns?
-15
Who will prepare the SF1034 covering the amount of ship’s store profits to be transferred to the recreation fund?
-Sales Officer
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?
-NEXCOM / copy to TYCOM and DFAS
Who is responsible for the administration of the recreation fund (MWR)?
-CO
