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Assignment 5, Continued - 14237_310
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Assignment 5, Continued - 14237_312
5-52. The  largest  expenditure  from  the  General Fund  financially  supports  or  covers  which of  the  following  goals  or  conditions? 1. Modernization  of  ship’s  facilities 2. Shortages that occur and are too large  to  be  equitably  absorbed  by  the ship 3. Initial  installation  of  the  ship’s store  facility 4. Procurement of vending machines for the  chip 5-53. NAVRESSO is the procurement activity for  all  vending  machines,  popcorn machines,    and  soft  ice  cream  mechines aboard  chip. 1. True 2. False 5-54. Loans  for  purchase  of  vending  machines are made from the General Fund through NAVRESSO and must be reported according to  NAVRESSO  inatructions. 1. True 2. False 5-55. Profits that have been transferred to the  Recreation  Fund  from  the  Trust  Fund belonging to the chip are expended as deemed  necessary  by  what  officer? 1. Recreation officer 2. Ship’s store officer 3. Operations officer 4. Commanding officer 5-56. Which, if any, of the following persons makes recommendatione to the commanding officer  on  the  amount  of  funds  to  be transferred  to  the  Recreation  Fund? 1. Operation officer 2. Recreation officer 3. Ship’s store officer 4. None  of  the  above 5-57. Reserve monies should be retained in the  ship’s  store  account  for  which  of the  following  purposes? 1. TO finance laundry operations during yard periods 2. To lower losses in profits resulting from  surveys 3. To offset the effects of markdowns below  cost 4. To cover all of the above situations 5-58. When  you  are  projecting  the  amount  of ship’s  store  profits  you  will  later forward  to  the  Recreation  Fund,  on  what form can you find the amount of Funds Brought  Forward  for  the  prior  accounting period? 1. Standard  Form  1034 2. DD Form 1149 3. DD Form 1155 4. NAVCOMPT  Form  153 5-59. When  may  interim  profits  be  transferred  to the  Recreation  Fund? 1. Monthly  only 2. At the end of each quarter 3. At  the  end  of  the  accounting  period 4. At  any  time  when  deemed  necessary  by the  commanding  officer 5-60. Charges  are  made  against  ship’s  store profits  for  which  of  the  following purposes? 1. For  repayment  of  loans  received  from NAVRESSO 2. For  payment  of  assessment  by  the General Fund 3. For  reimbursement  to  personnel  who have  incurred  lees  or  damage  to apparel as a result of a shipts service  operation 4. All of the above 5-61 . Which of the following objective does an  inventory  accomplish? 1. Gives  an  accurate  value  of  stock  on hand 2. Reestablishes  the  responsibility  of chip’s  store  operators 3. Provides  the  basis  for  transfer  of accountability  from  one  ship’s  store officer  to  another 4. All of the above 5-62. Inventories  must  be  taken  before  ship’s store records may be closed out. 1. True 2. False 5-63. Inventory  figures  provide  the  opening entries  on  which  of  the  following documents? 1. Ship’s  Store  Afloat  Financial Control  Record  (NAVSUP  235) 2. Stock  Record  Cards  (NAVSUP  464) 3. Journal  of  Receipts  (NAVSUP  977) 4. All of the above 35

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