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Assignment Questions - 14238_204
Assignment 4 Textbook  Assignment: “Cash  Collection  (continued),”   chapter 3, pages 3-9 through 3-17; and   “Receipt  of  Incoming  Stock,”  chapter  4,  pages  4-1 through 4-16. In  answering  questions  4-1 through  4-28,   refer  to  chapter 3 of the text. Learning  Objective: Explain the  procedures  the  cash collection  agent  will  use  when collecting  cash  from  the  sales outlets. (Continued from assignment  3.) 4-1. To keep track of the coin boxes after  normal  working  hours,  a log is developed and used so the coin boxes can be signed in and  out  by  the  vending  machine operator  and  the  person receiving  the  coin  boxes. What individual  is  responsible  for maintaining this log? 1. The  vending  machine operator 2. The  cash  collection  agent 3. The  ship’s  store  officer 4. The  duty  officer Learning  Objective: Determine the  procedures  used  in accounting  for  cash  collections using the Cash Receipt Book, NAVSUP Form 470. 4-2. The cash receipt book issued to the sales outlet is kept in the possession  of  what  individual? 4-3. You are the person making collections on a ship with one retail store, one snack bar, and four can drink vending machines  operated  by  the  snack bar operator. How many cash receipt  books  should  you  issue to the sales outlets? 1. Six 2. Two 3. Three 4. Four 4-4. When  the  cash  collection  agent is  making  collections,  the ship’s  store  officer  should compare  the  amounts  entered  on the ROM system with the amounts entered on the Cash Receipt Book, NAVSUP Form 470, and the Cash  Register  Record,  NAVSUP Form 469, a minimum of how many times per week? 1. Every time there is a shortage 2. Once per week 3. Twice per week 4. Every day of the week 1. The  disbursing  officer 2. The  cash  collection  agent 3. The  ship’s  store  officer 4. The  sales  outlet  operator 31

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