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Exam (elaborations)

Funeral Arts National Board Exam, Answered

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Funeral Arts National Board Exam, Answered-Register of all the general ledger accounts - Will Show profits and losses of a business Difference between currents assets and liabilities. When current assets exceed liabilities - Working Capital Must include what three disclosures - Embalming, Cas...

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  • March 23, 2023
  • 23
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers
  • answered
  • Funeral Arts National Board
  • Funeral Arts National Board
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ProfMiaKennedy
Funeral Arts National Board Exam
Register of all the general ledger accounts - Will Show profits and losses of a
business

Difference between currents assets and liabilitie s. When current assets exceed
liabilities - Working Capital

Must include what three disclosures - Embalming, Cash Advance, & Legal
Requirements

Uniform commercial code has 4 different kinds of paper - Promissory Note, Draft,
Checks and certificates of de posit

What kind of law enacts statutory law - Administrative

Period of time that is covered by an income statement - Fiscal Period

W-4 Form - Employees withholding allowance

Agency Creation: - Express, Operation of law, Ratification and implied authority

Merchandise Value Ratio= - Wholesale $ / Total $

Metal Alloys: - Steel, Iron and Carbon

Money paid for the use of money is - Interest

Total assets exceed the total liabili ties - Capital

Each function and item of merchandise is priced separately is: - Itemized pricing

Current Ratio= - Assets/Liabilities

Reduction of a legacy - Abatement

Accounts receivable turnover= - (Beginning accounts revocable -ending accounts
revocab le) / 2
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Accounts receivable - Pay at a later date

Inventory turnover= - Cost of goods sold/inventory

Statement of Operations is also known as - Income Statement

Statement of Operations (Income Statement) = - Financial profitability of a company
over a period of time

Outside dimensions of a casket - 84 x 29 inches

Wood Casket dimensions - 75x22 inches

Wood Casket Height - 16-22 inches

Metal Casket Dimensions - 78 x 23 inches

Flat Marker Dimensions - 24 x 14 inches

Slant Marker height and angle - 16 - 18 inches; 45 degree angle

Vault dimensions - 86 x 30 inches

Infant Casket dimensions - increments of 6 inches in length, 9 in height

Wood Casket Interior - 75 x 22 inches

Metal Casket Height - 16-24 inches

Adjustment Process - Mourning

Experience/Event - Bereavement

Customs - Social behavior

One who accepts personal property - Bailee

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Overwhelming feelings at the time of loss - Delayed Grief (suicide)

Wordens stages of grief - Physical, feelings, cognitions and behaviors

Customs, Characteristics and Language - Ethnic

Legal policies formed by legislation that direct the administration and acceptable
behaviors - Statues

Dividing an estate by class/grou p - Per Stripes

Metal Alloy: - Steel, Iron and Carbon

Assets=Liability + Equity - Monetary value owned by a business

Social function, cultural universal - Funeral Rite

Moral principles or values - Ethnics

Report which reflects the temporary accounts t ransfer to the permanent accounts
which reflect and equal the amount in debit/credit - Post closing trial balance

Grief Characteristics - Somatic/Bodily distress, preoccupation, guilt, hostile
reactions, inability to function.

National cemetery includes: - Burial plot, grave liner, headstone, columbarium
niche, mausoleum.

To pay a bill - Draft

A grave marker is not required for the - National Cemetery

One who inherits personal property - Legatee

Any rate of interest above the maximum rate allowance by law is - Usuary

Balance Sheet includes - Assets, Liabilities and Equity
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