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The funeral director received a broach from Mrs. Thompson's daughter to place on the body in the casket and to be returned after the services. The funeral director is the: Bailee Bailor Consignor Consignee

Bailee

Mrs. Thompson's daughter gave the funeral director a watch and a broach to use for her mother's visitation and funeral. The items will be returned after the funeral. This is an example of: Bailment Loan Temporary Possession Quasi-Property

Bailment

Mrs. Thompson's daughter gave the funeral director a broach. Mrs. Thompson's daughter is the Bailor Bailee Consignor Consignee

Bailor

A written description of a new idea that projects marketing, operational, and financial aspects of a proposed business: Entrepreneurial plan Operational plan Bank plan Business plan

Business plan

The funeral director sends Mrs. Thompson to Florida via a common carrier. The funeral director is the Consignor Consignee Bailor Bailee

Consignor

A person makes prearrangements and prefunds the contract by giving the funeral director the total amount. The funeral director deposits the funds in a bank to be withdrawn upon death of the client. The bank is known as the: Fiduciary Trustor Trustee Third Party Vendor

Fiduciary

The working memory of the computer: RAM ROM IBT STP

RAM

Mrs. Thompson makes and funds prearrangements with Joyovich Funeral Home. Mrs. Thompson is the Fiduciary Trustor Trustee Creator

Trustor

To establish a petty cash fund, one would: debit cash and credit accounts payable debit accounts payable and credit cash debit cash and credit petty cash debit petty cash and credit cash

debit petty cash and credit cash

A unit of measure of memory space equal to 1024 megabytes: kilobyte terabyte gigabyte megabyte

gigabyte

The debit side of a T account is the: minus side left side plus side right side

left side

The total income of all sales divided by the number of sales is known as the: non-formula sale formula sale mean sale median sale

mean sale

If the total of the operating expenses section of the income statement is smaller than the total of the income section, the difference is: net loss net worth gross profit net profit

net profit


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