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Assignment Questions - 14238_214
Assignment Textbook  Assignment: “Receipt  of  Incoming  Stock 5 continued),”   chapter 4, pages 4-16  through  4-26;  “Issues,”   chapter  5,  pages  5-1  through 5-14; and   “Inventory,”   chapter 6; pages 6-1 through 6-5. In  answering  questions  5-1 through  5-28,  refer  to  chapter 4 of the text. Learning  Objective: Explain the  procedures  used  for extending  receipt  documents. (Continued  from  assignment  4.) 5-1. When operating under separate responsibility,  which  of  the following  functions  will  the ROM  system  NOT  accomplish  in regard  to  the  receipt  document? 1. Extend  the  receipt  document at  retail  price 2. Assign  a  receiving  number to  the  receipt  document 3. Post  the  receipt  document to the NAVSUP Form 977 4. Extend  the  receipt  document at cost price In answering question 5-2, refer  to  the  following paragraph. You  receive  five  (5)  stereo  cassette players  from  Sharp  Electronics Corporation  with  the  following information  provided: Cost of each unit . . . . . . . . . . . . .$48.87 Transportation charges. . . . . . . .$12.52 Discount . . . . . . . . . . . . . . . . . . . . . . .  2%/30 Credit  memo  #6148  applied  to this order . . . . . . . . . . . . . . . . . . . .$61.58 5-2. What is the total dollar value at cost for this receipt document? 1. $190.15 2. $190.40 3. $191.38 4. $191.63 5-3. 5-4. 5-5. ROM users must indicate in the ROM system data base when a combined  responsibility  is effect  using  what  computer function? 1. The data file query function 2. The  receipt  function in 3. The   requisition/purchase order  function 4. The  resale  operations constants  function Learning  Objective: Explain the  procedures  used  when  making receipt  entries  to  the  ship’s store records. When  operating  under  separate responsibility,  which  of  the following  figures  taken  from the receipt document do you enter  in  the  appropriate  column of the NAVSUP Form 977? 1. The total dollar value at cost 2. The subtotal at cost 3. The total cost value less transportation  charges 4. The total dollar value at retail ROM users will compare the dollar  amount  entered  on  the Journal  of  Receipts,  NAVSUP Form  977,  with  the  manually extended  dollar  amount  on  the receipt  document. 1. True 2. False 41

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