GFEBS Reimbursable Accurate Questions & Answers(RATED A)

fee that the us treasury adds to debt it collects is based on which of the following - ANSWER *age of debt often is the interest calculation program sheduled to run - ANSWER each day accordance with intallment plan guidelines unless an exception os granted, installment plans may not exceed what length of time - ANSWER 36 process whereby federal agencies refer delinquent debts to the us treaury for collection is called - ANSWER *cross servicing of the following is the term for minis collected to recover the us tresury borrowing cots - ANSWER *interest report is used to inform federal decision makers of the gross book value of the receivables owed to federal agencies - ANSWER *tresury report is responsilb efor the posting of doubtful recievables to a separate account in the general ledger - ANSWER debt allowance a status that identifies a recevable as written off and indicates that collection activities cannot continue - ANSWER closed out 10. penalties are assessed on the portion of a debt remaining deliquent for more than days - ANSWER *90 is required by the us treasury to be used as the interest reate - ANSWER vv delinquent dbet which of the following is the oldest debt category - ANSWER 8 *10 delinquent debts are categorized as assets - ANSWER current and non-current 5.a debt is classified as currently not collectable when the net value of the debt is equal to - ANSWER less than 25 the contex of gfebs debt managment cnc stands for - ANSWER collection of negotiated