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What are three authorized uses of the Governmentwide Commercial Purchase Card? CLG001 DoD Govenmentwide Commercial Purchase Card Overview Exam, Exams for Financial Accounting. /////////////. Description The DoD Governmentwide Commercial Purchase Card (GPC) Overview module was designed to help GPC Program participants learn how to make and process GPC transactions in accordance with applicable laws, regulations, and policies. who is responsible for making regular reviews of existing cardholders and their monthly spending limit, in step 12 of the governmentwide commercial purchase card program process, what are three, Transactions where the Governmentwide Commercial Purchase Card is used as a method of payment Hybrid Golf has 8 million shares of stock outstanding. Assume that the normal operating range for the company is 90,000 to 96,000 cubic yards per year. Gives DoD access to information about what its Components buy Supervisor The CLPs assigned to this learning activity may be used to meet professional certification and/or licensure requirements (PDUs/CPE credits). T07.E02, When using a Governmentwide Commercial Purchase card, which of the following is a prohibited purchaseT06.E01, What is the Cardholder Statement of Account? A best practice calls for the card holder to reconcile transactions in the statement of account within how many days of the billing cycle end date? what are three violations of these executive orders? A. The Secretary of Defense authorizes an increase in the micro-purchase threshold to $20,000 to No Ordering officer may be appointed until they have received training commensurate with their delegated authority Prior to certifying the Managing Account Billing Statement for contract payment by Governmentwide Commercial Purchase Card, the Approving/Billing Official must do which one of the following? Would he still think so if he saw how the government runs today? which three of the following are cardholder considerations before purchase? Course Hero is not sponsored or endorsed by any college or university. Open-Market Micro-Purchases Purchasing items or extra quantity of items for resale or to give away to relatives. Journalize the companys: One office in an office building has an area of 5,200ft25,200 \mathrm{ft}^25,200ft2. At or below the micro-purchase threshold against federal supply schedule contracts, fedmall, or other ordering systems that are authorized in component procedures.-Blank The DoD Governmentwide Commercial Purchase Card (GPC) Overview module was designed to help GPC Program participants learn how to make and process GPC transactions in accordance with applicable laws, regulations, and policies. Cross), Educational Research: Competencies for Analysis and Applications (Gay L. 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A document reflecting all purchases and credits that have been posted to the Cardholder's account during the 30 calendar days of the billing cycle. A Cardholder's unauthorized purchase of power tools for personal use Clg 0010 dod governmentwide commercial purchase card Study with Quizlet and memorize flashcards containing terms like In order to use the GPC for simplified accusations up to $25000 outside the . An unauthorized commitment is an agreement that is not binding solely because the agreement Internal Control Reviews/////, At 90 days past due, what happens to all cardholder accounts associated with a managing account. - ANSWER-Abuse, How many Cardholder accounts may be rolled up under a Managing Account? CLG 001. In the African nation of Senegal, to enroll in school a child needs a birth B. Are used to roll up Cardholder accounts, CLG 0010 DoD Governmentwide Commercial Purcha, CLG 0010 DOD GOV. Use the vertical axis for cost and the horizontal axis for cubic yards of cement. Explain. Whose responsibility is it to comply with Government agency Standa. B. Several personnel in your office have been needing new laptops, so this is a god time to take advantage of the increase and purchase 20 laptops at $500 each, for a total price of $10,000. . CLG 0010 DoD Governmentwide Commercial Purchase Card Overview (Last Modified:29-Nov-2022) Description The DoD Governmentwide Commercial Purchase Card (GPC) Overview module was designed to help GPC Program participants learn how to make and process GPC transactions in accordance with applicable laws, regulations, and policies. a. University Of South Africa. When you get back to the office, you realize that the envelope size will not meet the At 90 days past due, what happens to all Cardholder accounts associated with a Managing Account? Which of the following are you authorized to accept? T02.E01, If Commercial, door-to-door shipping is not available for a Governmentwide Commercial Purchase Card purchase to be shipped overseas. A merchant does not accept payment by credit card, The secretary of defense authorizes and increases in the micro-purchase threshold to 20,000 to support declared contingency operations in Afghanistan. Which of the following is an appropriate circumstance for using a convenience check? I dont know, Answers are wrong. In step 10 of the Governmentwide Commercial Purchase Card Program, what are three pieces of information that should be included in the Cardholder Purchase Log? The cost of capital for Hybrid Golf is 12.4%, and the cost of equity is 16.9%. a. Authorized uses of the Governmentwide Commercial Purchase Card include: Failure to certify a Managing Account Billing Statement is a timely manner results in what three things? requirement, so you return the item to the merchant. There is no time limit for completing this course. may use the GPC to make simplified acquisitions up to $25,000 outside of the United States and its Purchasing office supplies for home use. CLG 001 DoD Government Commercial Purchase Card Overview Exam 4.7 (36 reviews) Term 1 / 36 In order to use the GPC for simplified accusations up to $25,000 outside the United States and its jurisdictions, the card holder, merchant, and supply/delivery acquisition must be outside the United States and its jurisdictions Click the card to flip Students also viewed Approving/billing Officer At 90 days past due, what happens to all Cardholders accounts associated with a Managing PUR. Provide a vertical analysis of the regional segment revenues for both years. What did you do wrong? Ordering officers are established to provide DoD Components with the ability to make purchases against existing contracts to support their mission. public notification. Each year, Lord & Taylor, Ltd., sets up a giftwrapping station to assist its customers with holiday shopping. What guidance does the Codification provide concerning the disclosure of research and development (R&D) costs? Once you establish a good working relationship with a particular supplier, you should make all of your purchases from that supplier. b. The CLPs assigned to this learning activity may be used to meet professional certification and/or licensure requirements (PDUs/CPE credits). -At or below the micro-purchase threshold against Federal Supply Schedule contracts, FedMall, or other ordering systems that are authorized in Component procedures. : an American History, Greek god program by alex eubank pdf free, Cecilia Guzman - Identifying Nutrients Gizmo Lab, Leadership class , week 3 executive summary, I am doing my essay on the Ted Talk titaled How One Photo Captured a Humanitie Crisis https, School-Plan - School Plan of San Juan Integrated School, SEC-502-RS-Dispositions Self-Assessment Survey T3 (1), Techniques DE Separation ET Analyse EN Biochimi 1, Gives DoD access to information about what its Components buy, Empowers a single individual to handle all aspects of the purchasing process, Convenience checks must be secured in a locked container, The Cardholder can request that the bank stop payment on a check, Funds available to cover both the value and the banks processing fee, The Cardholder can dispute the convenience check after payment has been made, Is a felonious act of corruption or attempt to cheat the Government. The Government Commercial Purchase Card _________ used as the method of payment for commercial training request using the SF-182, valued at or below $25,000, in lieu of an employee reimbursement by miscellaneous payment. Which of the following is an appropriate circumstance for using a convenience check? Company Registration Number: 61965243 Which of the following are you authorized to Above or below the micro-purchase threshold against contract vehicles issued for the component by contracting officer that contain a provision authorizing order and payment by the governmentwide commercial purchase card. Total truck depreciation is $200,000 per year. national health care spending, y, in trillions, as a COM. Automatic suspension of accounts Date on which the item/service was ordered. a. function of the number of years after 2011, x, According to the most recent data, among workers who are paid at an hourly rate, about _______ percent have jobs that pay at or below the minimum wage.