which of the governmentwide commercial purchase card program's mandatory

a merchant. /////////// What did you do wrong? You receive a request to purchase construction services. - 6 Years and 3 Months //////// Cardholders may be granted authority to use their Governmentwide Commercial Purchase Card accounts to make payments against contracts. 1.2. Invoice I dont know, Answers are wrong. Who is responsible for making regular reviews of existing Cardholders and their monthly spending limits? : an American History (Eric Foner), Business Law: Text and Cases (Kenneth W. Clarkson; Roger LeRoy Miller; Frank B. Failure to certify a Managing Account Billing Statement is a timely manner results in what three things? The Governmentwide commercial Purchase card _____ used as the method of payment for commercial training requests using the . What tool fulfills the 10 U.S.C. The cardholder must . When using a Governmentwide Commercial Purchase card, which of the following is a prohibited purchase. The clause provides that the contractor shall make such payment requests by a charge to a Government account with the third party at the time the payment clause(s) of the contract authorizes the contractor to submit a request for payment, and for the amount due in accordance with the terms of the contract. Which of the following are you authorized to The two executive orders 12674 and 12731 serve as the cornerstone of the policy governing government employees' ethical behavior in the government-wide commercial purchase card programs mandatory oversight procedures involve confirming that all data mining situations have been resolved and evaluating significant acquisitions. Purchases of travel (airline, bus, boat, or train tickets) or travel-related expenses. Chapter 1 - Summary Give Me Liberty! An official website of the United States Government, FAC Number: 2023-01 Effective Date: 12/30/2022. When you get back to the office, you realize that the envelope size will not meet the requirement, so you return the item to the merchant. Cash advances. How long does Foreign Military Sales documentation have to be retained following case closure? You receive a request to purchase construction services. - ANSWER-True, If required office paper is available from a mandatory source of supply (such as the. idating that all data mining cases are closed and assessing the key purchasing and management internal controls? Use the Governmentwide commercial purchase card as the method of purchase and/or method of payment for purchases valued at or below the micro -purchase threshold. 13.301 Governmentwide commercial purchase card. Make summary journal entries to record the stores transactions for the year ended January 31, 2012. employee reimbursement by miscellaneous payment. N3029A17RC020FS Page 39 of 39 Section Supplies or Services and Price ITEM NO SUPPLIESSERVICES QUANTITY UNIT UNIT PRICE AMOUNT 0001 1 Each $664498 $664498 DELL POWEREDGE R330XD The Government reimburses the third party at a later date for the third partys payment to the contractor. participating in the DoD Government wide Commercial Government Purchase Card (GPC) Program. POLICY. Governmentwide commercial purchase card shall be the preferred method to purchase and pay for micro-purchases. Operating expenses for the year were $2,750,000. All Schedule contractors are required to accept the government purchase card for purchases up to the micro-purchase threshold and encouraged to do so for purchases over it.. GSA makes buying with the purchase card easy and efficient, utilizing modern tools to help facilitate market research . for the Department to fulfill mandatory reporting requirements (i.e., their . -The Government is not relieved of its obligation to pay for valid transactions made prior to the loss Section 4515Scope and Applicability The Governmentwide Commercial Purchase Card __ used as the method of payment for commercial training requests using the SF-182 valued at or below $25000 in lieu of an employee reimbursement by miscellaneous payment. . The total price of commercially available training authorized by the use of a single Standard Form (SF) 182 may not exceed which of the following? acquisitions up to $25,000 outside the United States and its jurisdictions, the. - ANSWER-, 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, 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? Government Purchase Cards _____ Objective . Section 4510Authority. (a) Except as provided in 32.1108 (b) (2), the Governmentwide commercial purchase card is authorized for use in making and/or paying for purchases of supplies, services, or construction. Decrease penalties for faulty disputes Prepare the stores income statement for the year ended January 31, 2012. avoid prompt payment interest How long does Foreign Military Sales documentation have to be retained following case closure? each month in an account that pays 7%, compounded You even benefit from summaries made a couple of years ago. (a) Except as provided in 32.1108(b)(2), the Governmentwide commercial purchase card is authorized for use in making and/or paying for purchases of supplies, services, or construction. - Obtain Approval from the Agency/Organization Program Coordinator Better Buy uses a perpetual inventory system. Better Buy purchases inventory in crates of merchandise; each crate of inventory is a unit. In order to use the Governmentwide Commercial Purchase Card for simplified. Work in Progress commercial training request using the SF-182, valued at or below $25,000, in lieu of an Contract payment What did you do wrong? With annual expenditures of approximately $13.7B, the purchase card is the primary payment and procurement method for purchases under $2,500 (often referred to as micro-purchases). The Government reimburses the third party at a later date for the third party's payment to the contractor. -Overseas purchases up to $25,000 -Payment against an existing contract -Open-market micro-purchases Frustrated freight may never reach the intended recipient. Reconcile the monthly Statement of Account C. Ensure transactions are made with responsible merchants 49. Which of the governmentwide commercial purchase card program's mandatory oversight procedures involves the approving/billing official documenting findings and disciplinary category determinations? DoD's Governmentwide Commercial Purchase Card data to identify high-risk What are two advantages of the Procurement Integrated Enterprise Environment? a. Can you accept the card? 31 U.S.C. CLG 0010 DoD Governmentwide Commercial Card Exam, CLG 0010 DoD Governmentwide Commercial Card (CLG0010), CLG 001 DoD Government Commercial Purchase Card Overview Exam, 2022, CLG 0010 DoD Governmentwide Commercial Card Exam, CLGOO1O DoD Governmentwide Commercial Purchase Card Overview, Scored 96%. (1) The Level 3 A/OPC will set the hierarchy reporting levels and fax the account set-up forms to the U.S. Bank Relationship Manager for processing. If transactions not made by the Cardholder appear on the Statement of Account, the Cardholder should dispute them with t Building A: Purchase for a cash price of $600,000, useful life 25 years. How many cardholder accounts may be rolled up under a managing account? Component procedures may authorize DoD Governmentwide Commercial Purchase Card Ordering Officers to make purchases up to the simplified acquisition threshold in which three of the following cases? 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Prepare a T-account to show the activity in the Inventory account. %PDF-1.6 % Before a convenience check is issued, every effort should be made to use the GPC to make the necessary purchase. 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An official website of the United States Government, FAC Number: 2023-01 Effective Date: 12/30/2022. z<1.645orz>1.645z < - 1.645 \text { or } z > 1.645 With a profile at Docmerit you are definitely prepared well for your exams. The purchase card shall be used to . Increased Funding 1. used to make mission-essential purchases 2. similar in nature to a commercial credit card 3. reduced invoicing costs cardholders may be granted authority to use their governmentwide commercial purchase card accounts to make payments against contracts true Sorry if its hard to read as well. 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. Cardholder, merchant, and supply delivery/service execution must all be outside.
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