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Assignment Questions - 14238_229
6-50. A  price  line  inventory  is  taken in the retail store. After inventory  the  retail  store column of the NAVSUP Form 235 is balanced and shows the Expenditure  column  is  more  than the Receipt column. What  fact does  this  indicate? 1. There is an overage in the retail  store  amounting  to the  difference  between  the Expenditure  and  Receipt columns 2. You need to recheck the entries  in  the  Receipt  and Expenditure  columns 3. There is a shortage in the retail  store  amounting  to the  difference  between  the Expenditure  and  Receipt columns 4. The  Expenditure  or  Receipt column was added up incorrectly 6-51. 6-52. Learning  Objective: Determine the  procedures  for  closing  out and  reviewing  the  stock  records at inventory time. The  Stock  Record,  NAVSUP  Form 464,    is closed out at what time? 1. Weekly 2. Monthly 3. On the last day of the accounting  period 4. Every 6 months What  figures  on  the  NAVSUP  Form 464 are added together at inventory time to give you the total  inventory  brought forward? 1. Sales  figure  and  inventory brought  forward,  bulk storeroom 2. Inventory  brought  forward, bulk  storeroom  and  sales outlet 3. Sales  figure  and  inventory brought  forward,  sales outlet 4. Sales figure and the total receipts  during  the accounting  period 6-53. How can you determine from the stock record the quantity of an item that was sold during the accounting  period? 1. Total  the  Expended  column 2. Subtract the total of the Expended  column  from  the total of the Received column 3. Subtract  the  bulk  storeroom inventory from the Total Balance  column 4. Subtract the total inventory  brought  forward from the last entry reported in the Total Balance  column 6-54. The ROM system will automatically  post  inventory data entered in the ROM system data base and close out the NAVSUP Fern 464 in end of period  closeouts,  a  subfunction of  what  ROM  function? 1. The  resale  operations reports  function 2. The  inventory  function 3. The  resale  operations constants  function 4. The data file query function 6-55. After the NAVSUP Form 464 is closed out,    it must be reviewed for accuracy by what individual? 1. The  ship’s  store  officer 2. The  retail  store  operator 3. The  bulk  storeroom custodian 4. All of the above 6-56. A  discrepancy  list  is  prepared for any differences found in which  of  the  following  spaces? 1. The retail store 2. The snack bar 3. The  bulk  storeroom 4. All of the above 6-57. The  bulk  storeroom  discrepancy list is maintained at what price? 1. Standard price 2. List price 3. Cost price 4. Retail price 56

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