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6-66.
How is the cost of sales figure
for cup-type vending machines
determined on the NAVSUP Form
235 during closeouts?
1.
Divide the inventory
brought forward entry by
the difference entry
2.
Subtract the sales entry
from the inventory brought
forward entry
3.
Subtract the sales entry
from the amount reported on
the difference line
4.
Divide the total entry by
the difference entry
6-67.
When determining the percent of
difference for the entire
ship’s store operation, from
what record/form will you
obtain the figures for the
differences of each individual
sales outlet?
1.
The discrepancy list
2.
NAVSUP Form 235
3.
NAVSUP Form 236
4.
NAVSUP Form 233
6-68.
An excessive difference exists
in the ship’s store operation
when the total inventory dollar
value difference between the
financial control records and
physical inventory exceeds what
amount?
1.
$295.00 or 0.25% of the
total sales
2.
$325.00 or 0.5% of the
total sales
3.
$500.00 or 0.75% of the
total sales
4.
$750.00 or 1.0% of the total
total sales
6-69.
What officer will initiate an
informal examination of an
excessive loss in the ship’s
store operation when it cannot
be resolved at a divisional
level?
1.
The supply officer
2.
The legal officer
3.
The commanding officer
4.
The ship’s type commander
6-70.
6-71.
6-72.
6-73.
At the completion of the
informal investigation, an
excessive difference exists.
A letter report is then sent
to which of the Following
commands/activities?
1.
Type commander
2.
NAVRESSO
3.
NAVSUP
4.
All of the above
What command/activity may
direct the implementation of
special inventory requirements?
1.
The Navy Accounting and
Finance Center
2.
NAVRESSO
3.
The Fleet Accounting and
Disbursing Center
4.
NAVSEA
A disproportionate difference
exists in the ship’s store
operation when the total
inventory dollar value
difference between the
financial control records and
physical inventory exceeds what
percent of total sales?
1.
1.0 percent
2.
2.0 percent
3.
3.0 percent
4.
2.5 percent
How are gains or losses of
ship’s store stock accounted
for?
1.
2.
3.
4.
Gains or losses are
absorbed in the cost of
sales retail on the NAVSUP
Form 978
Losses are surveyed to the
Navy Stock Fund and gains
are handled as a gain by
inventory
All differences are carried
forward to the next
accounting period
Losses are charged to the
Ship’s Store Profits, Navy
(SSPN) and gains are
credited to the Navy Stock
Fund
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