If Monday is a federal holiday, what is the submission deadline for the IAR sales report?

Study for the Airlines Reporting Corporation (ARC) Test. Utilize flashcards and multiple choice questions with hints and explanations. Prepare for success!

Multiple Choice

If Monday is a federal holiday, what is the submission deadline for the IAR sales report?

Explanation:
The key point is that the IAR sales report must be submitted by 11:59 PM ET on the business day after the Processing End Date (PED). The PED is the cutoff date used to finalize that week’s data, and the deadline moves to the next business day after that PED. If Monday is a federal holiday, the PED is observed on the next business day, Tuesday. Consequently, the submission deadline shifts to the following day, Wednesday, at 11:59 PM ET. This is why the correct timing is 11:59 PM ET on Wednesday, following the PED.

The key point is that the IAR sales report must be submitted by 11:59 PM ET on the business day after the Processing End Date (PED). The PED is the cutoff date used to finalize that week’s data, and the deadline moves to the next business day after that PED.

If Monday is a federal holiday, the PED is observed on the next business day, Tuesday. Consequently, the submission deadline shifts to the following day, Wednesday, at 11:59 PM ET. This is why the correct timing is 11:59 PM ET on Wednesday, following the PED.

More Multiple Choice Questions
Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy