Decrease penalties for faulty disputes Bryce has asked you to analyze the financial aspects of the potential merger. CLG 0010 DoD Governmentwide Commercial Purchase Card Overview Exam.docx. COM. In the African nation of Senegal, to enroll in school a child needs a birth c. Used to make mission-essential purchases. QUESTION University Of South Africa. Ensure transactions are made with responsible merchants What is the Cardholder Statement of Account? Institution. approving/billing officer 2. supervisor 3. agency/organization program coordinator If commercial, door-to-door shipping is not available for GPC purchase to be shipped overseas, the card holder must . No Ordering officer may be appointed until they have received training commensurate with their delegated authority Both companies have niche markets in the golf club industry, and both believe that a merger will result in synergies due to economies of scale in manufacturing and marketing, as well as significant savings in general and administrative expenses. Cardholders may be granted authority to use their Governmentwide Commercial Purchase Card accounts to make payments against contracts. f(x)=6x2x3(forf(x)=2x34x4), Hearing aids might be effective for treating 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. Every Governmentwide Commercial Purchase Card Cardholder should be issued both a card and convenience checks. ///- This one is correct/ grow at an average annual rate of 5.7% for 2011 Interest penalties Explain how this requirement is likely to affect the growth of human A. price-icon . The Governmentwide Commercial Purchase Card ___ used as the method of payment for commercial training requests using the SF-182, valued at or below $25,000, in lieu of an employee reimbursement by miscellaneous payment. 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. CLG 001 DoD Governmentwide Commercial Purchase Card Overview Exam 100% 1. whose responsibility is it to comply with Government agency standards of conduct? CLG 0010 Exam 100% Scored_ Spring 2022 1. Decrease penalties for faulty disputes In step 10 of the Governmentwide Commercial Purchase Card Program, what arr three pieces of information that should be included in the Cardholder Purchase Log? a. 2. Bryce Bichon, the financial officer for Birdie, has been instrumental in the merger negotiations. CLG001 DoD Govenmentwide Commercial Purchase Card Overview Exam, Exams for Financial Accounting. DoD Govenmentwide Commercial Purchase Card Overview Exam.docx. Students also viewed What is defined as any felonious act of corruption or attempt to cheat the Government, or corrupt the Government's agents by charge card program officials? Increased data surveillance. Ordering officer purchases and payments CARD OVERVIEW EXAM, CLG 001 DoD Government Commercial Purchase Ca, DoD Government Purchase Card Refresher Traini, Fundamentals of Financial Management, Concise Edition, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield. The Bank must close the account a. Would he still think so if he saw how the government runs today? Which of the following is an appropriate circumstance for using a convenience check? \end{array} Automatic suspension of accountsc. Date on which the item/service was ordered, How many Cardholder accounts may be rolled up under a Managing Account? b. . In five years, the value of Hybrid Golf is expected to be$270 million. A Cardholder's unauthorized purchase of power tools for personal useb. requirement, so you return the item to the merchant. This price is several weeks income for many families. NY Times Paywall - Case Analysis with questions and their answers. . Are used to roll up Cardholder accounts, CLG 0010 DoD Governmentwide Commercial Purcha, CLG 0010 DOD GOV. The financial statements include all synergistic benefits from the merger. Reduces dod invoicing costs 10 United States Code 2784 requires specific corrective actions for Governmentwide Commercial Purchase Card Program violations, What is the artificial intelligence Data Mining platform that automatically analyzes the DoD's Governmentwide Commercial Purchase Card data to identify high-risk transactions, Authorized uses of the Governmentwide Commercial Purchase Card include (select three), a. After obtaining all necessary, approvals, you call the construction company, which advises you that the cost for its, services will total $2,400. How many Cardholder accounts may be rolled up under a Managing Account? Total truck depreciation is $200,000 per year. What are three authorized uses of the Governmentwide Commercial Purchase Card? Which of the following terms is defined as "the intentional use of the Government-issued charge card in violation of applicable regulations"? c. Disruption to Government purchases. CLG0 0010 Test Review.pdf. (d) Calculate f(x)f^{\prime \prime}(x)f(x) and graph it to check your conclusions in part (b). Increased Funding A member of the hotel's accounting staff noticed that the total charges for guest bills have been increasing in recent months. CLG001 DoD Govenmentwide Commercial Purchase Card Overview Exam. T05.E03. The accountant will use a sample of future weekend guest bills to test the manager's claim. Take this Answer sheet with a grain of salt. Adverse personnel actions Once you establish a good working relationship with a particular supplier, you should make all of your purchases from that supplier. Clg 001 test answers - Keep reading to learn more about Clg 001 test answers and how to use it. CLG 001. test_prep. 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. Used to make mission-Essential Purchases Campbell Incorporated reported the following information in their consolidated income statement for the years ended December 31, 2012 and 2013: 20132012Netincome(inthousands)$1,456,091$1,200,472Weightedaveragenumberofsharesoutstanding(inthousands)Basic702,987687,910Diluted713,456699,012\begin{array}{lrr} Assume that the normal operating range for the company is 90,000 to 96,000 cubic yards per year. Small Business -Purchasing power tools for personal use ////, What is the artificial intelligence data mining platform that automatically analyzes the DOD' Governmentwide commercial Purchase card data to identify high-risk transactions. Which of the governmentwide commercial purchase card program's mandatory oversight procedures involves the approving/billing official documenting findings and disciplinary category determinations? a. What is the opportunity cost of your choice? Every Governmentwide Commercial Purchase Card Cardholder should be issued both a card and convenience checks. Objectives 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, Name of the requestor Must not be Must be Is occasionally None of these 2. An unauthorized commitment is an agreement that is not binding solely because the agreement avoid prompt payment interest Recovery of cost from Governmentwide Commercial Purchase Card officials Cardholders who have been formally granted the appropriate authority in their Letter of Delegation may use the Governmentwide Commercial Purchase Card to make Simplified acquisitions up to $25,000 outside the United States and its jurisdictions - ANSWER-True The . CARD OVERVIEW EXAM, CLG 001 DoD Government Commercial Purchase Ca, Weightedaveragenumberofsharesoutstanding(inthousands), Statistical Techniques in Business and Economics, Douglas A. Lind, Samuel A. Wathen, William G. Marchal, David R. Anderson, Dennis J. Sweeney, James J Cochran, Jeffrey D. Camm, Thomas A. Williams, Alexander Holmes, Barbara Illowsky, Susan Dean. The manager of the Danvers-Hilton Resort Hotel stated that the mean guest bill for a weekend is $600\$ 600$600 or less. What must the Cardholder do to become qualified to make Governmentwide Commercial Purchase Card purchases up to $25,000 outside of the United States and its jurisdictions? An Unauthorized commitment is an agreement that is not binding solely because the agreement involved a purchase amount above the micro-purchase threshold. CLG 0010 DoD Governmentwide Commercial Purchase Card Overview Term 1 / 23 Which of the following is a cardholder responsibility in the Governmentwide Commercial Purchase Card Program? Avoid prompt payment interest, Which of the Governmentwide Commercial Purchase Card Program's mandatory oversight procedures is a consolidation of the previous monthly agency/organization program coordinator reviews. Suspected ethics violations should be reported to: Who is responsible for verifying proof of delivery for all governmentwide purchase card transactions during the monthly transaction review? CLG 0010 DoD Governmentwide Commercial Card Exam.pdf. Currently, similar-risk stocks have required returns of 10 %. what did you do 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? Total Dollar Value of the transaction What is the Cardholder Statement of Account? 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. Semi-Annual Head of activity Reviews///// Increased information Splitting requirements to avid card thresholds. Commercial Training requirements using the SF-182-New. spending was $2.7 trillion, and it was projected to Which of the following information must be included on detailed/itemized receipts? - ANSWER-The Cardholder must receive customized training, Which of the following is a Cardholder responsibility in the Governmentwide, Commercial Purchase Card Program? 2 b. CLG 0010 DoD Governmentwide Commercial Card Exam 4.1 (12 reviews) Term 1 / 70 Which Of the Governmentwide Commercial Purchase Card Program's Mandatory oversight procedures involves validating that all data mining cases are closed and assessing the key purchasing and management internal controls? Use the vertical axis for depreciation cost and the horizontal axis for cubic yards of cement. Download. Which of the following is an agreement that is not binding solely because the government representative who made it lacked the authority to enter into that agreement on behalf of the government? CONCEPTUAL CONNECTION Briefly describe actions that Smith management could take to reduce the total raw materials cost from year to year. What is the annual cost of a supervisor's workstation that is 100ft2100 \mathrm{ft}^2100ft2 in area? CLG 001 DoD Governmentwide Commercial Purchase Card Overview Exam 100% 1. Reconcile the monthly Statement of Account. It expects its earnings-and hence its dividends-to grow at a rate of 7 % for the foreseeable future. Who is the individual responsible for ensuring the existence, accuracy, and legality of information on a Managing Account Billing Statement? Interest penaltiesb. Authorized uses of the Government Commercial Purchase Card include (select three): Which three items describes external fraud? avoid pecuniary liability, 10 United States Code 2784 requires specific corrective actions for Governmentwide Commercial Purchase Card Program violations, Which three of the following constitute cardholder fraud, A cardholder's unauthorized purchase of power tools for personal use These procedures will address requirements related to which three of the following? COM. assessment. Small business CLG 0010 DOD GOV. 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 . MARKETING 305. The Government Commercial Purchase Card _________ used as the method of payment for commercial training request using the SF-182, valued at o. Coordinate with their transportation service support office before initiating the transaction. [Show more] Preview 2 out of 6 pages UnitedStatesEuropeAPMEA*OtherCountries&CorprateTotalrevenuesRecentYear(inmillions)$8,81410,8276,3911,535$37,567PriorYear(inmillions)$8,52810,8866,0201,572$27,006. Whose Responsibility is it to comply with government agency standards of conduct? Must not be Must be Is occasionally None of . 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If transactions not made by the Cardholder appear on the Statement of Account, the Cardholder should dispute them with the card-issuing bank within how many days of the transaction date? What is defined as any felonious act of corruption or attempt to cheat the government or corrupts the government's agents by charge card program officials. The Government is not relieved of its obligation to pay for valid transactions made prior to the loss. Which Governmentwide Commercial Purchase Card Program mandatory program oversight procedure is used to detect and prevent improper purchases? Failure to certify a Managing Account Billing Statement is a timely manner results in what three things? CLG 0010 DoD Governmentwide Commercial Purchase Card Overview. Failure to certify a Managing Account Billing Statement is a timely manner results in what three things? B. Franklin Company purchased inventory costing $90,000 by signing an 8%, nine-month, short-term note payable. Component Program Managers, Oversight Agency/Organization Program Coordinators, Primary and Alternate Agency/Organization Program Coordinators, Primary and Alternate Approving/Billing Officials, Cardholders, Convenience Check Writers, and Certifying Officers seeking to satisfy mandatory and refresher training for the DoD Purchase Card Program and those who have roles within the Government Purchase Card Program for which this course is recommended training. employee reimbursement by miscellaneous payment. purchasing items or extra quantity of items for resale or to give away to relatives B. Company Registration Number: 61965243 - ANSWER-Abuse, How many Cardholder accounts may be rolled up under a Managing Account? Are used to roll up cardholder accounts-New, Whos responsibility is it to comply with Government agency standards of conduct, Agency/Organization Program Coordinator Unintentionally Purchasing excessive quantities of an item with limited shelf life, Failure to certify a Managing Account Billing Statement in a timely manner results in what three things?T02.E04, Disruption to Government Purchases the Cardholder must: T05.E05. PUR. Funds must be available to cover the check value and the bank's processing fee COM. This module was designed to provide individuals with a solid foundation for making Government Purchase Card (GPC) transactions in compliance with applicable laws, regulations, and policies.