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Funeral Arts National Board Exam 2024 With Complete Solutions Latest Update
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Funeral Arts National Board Exam 2024 With Complete Solutions Latest Update
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Funeral Arts Nati onal Board Exam 2024 With Complete Solutions Latest UpdateRegister of all the general ledger accounts - ANS> Will Show profits and losses of a business
Difference between currents assets and liabilities. When current assets exceed liabilities - ANS> Working Capital
Must include what three disclosures - ANS> Embalming, Cash Advance, & Legal Requirements
Uniform commercial code has 4 different kinds of paper - ANS> Promissory Note, Draft, Checks and certificates of deposit
What kind of law enacts statutory law - ANS> Administrative
Period of time that is covered by an income statement - ANS> Fiscal Period
W-4 Form - ANS> Employees withholding allowance Agency Creation: - ANS> Express, Operation of law, Ratification and implied authority
Merchandise Value Ratio= - ANS> Wholesale $ / Total $
Metal Alloys: - ANS> Steel, Iron and Carbon
Money paid for the use of money is - ANS> Interest
Total assets exceed the total liabilities - ANS> Capital
Each function and item of merchandise is priced separately is: - ANS> Itemized pricing
Current Ratio= - ANS> Assets/Liabilities
Reduction of a legacy - ANS> Abatement
Accounts receivable turnover= - ANS> (Beginning accounts revocable-
ending accounts revocable) / 2 Accounts receivable - ANS> Pay at a later date
Inventory turnover= - ANS> Cost of goods sold/inventory
Statement of Operations is also known as - ANS> Income Statement
Statement of Operations (Income Statement) = - ANS> Financial profitability of a company over a period of time
Outside dimensions of a casket - ANS> 84 x 29 inches
Wood Casket dimensions - ANS> 75x22 inches
Wood Casket Height - ANS> 16-22 inches
Metal Casket Dimensions - ANS> 78 x 23 inches
Flat Marker Dimensions - ANS> 24 x 14 inches Slant Marker height and angle - ANS> 16 - 18 inches; 45 degree angle
Vault dimensions - ANS> 86 x 30 inches
Infant Casket dimensions - ANS> increments of 6 inches in length, 9 in height
Wood Casket Interior - ANS> 75 x 22 inches
Metal Casket Height - ANS> 16-24 inches
Adjustment Process - ANS> Mourning
Experience/Event - ANS> Bereavement
Customs - ANS> Social behavior
One who accepts personal property - ANS> Bailee
Overwhelming feelings at the time of loss - ANS> Delayed Grief (suicide)
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