Marquette Décor Is a Merchandiser That Operates a Small Retail

question 78

Multiple Choice

Marquette Décor is a merchandiser that operates a small retail store. Comparative balance sheets for the years ending December 31, 2014 and 2013 and its income statement for 2014 follow:
$\begin{array}{lrr}&\text { December } 31\\\text { Assets }&2014&2013\\\text { Cash } & \$ 35,400 & \$ 45,300 \\\text { Accounts receivable } & 11,400 & 14,500 \\\text { Merchandise inventories } & 36,500 & 34,100 \\\text { Equipment } & 90,000 & 66,000 \\\text { Accumulated depreciation } & (28,600) & (31,400) \\\text { Total assets } & \$ 144,700 & \$ 128,500\\\\\text { Liabilities and Stockholders'Equity }\\\text { Accounts payable } & \$ 14,300 & \$ 12,500 \\\text { Income taxes payable } & 4,500 & 8,800 \\\text { Long-term notes payable } & 16,500 & 23,000 \\\text { Common stock, \$2 par } & 88,200 & 65,300 \\\text { Retained earnings } & 21,200 & 18,900 \\\text { Total liabilities and stockholders' equity } & \$ 144,700 & \$ 128,500\\\\\text { Sales } & \$ 224,000 \\\text { Cost of goods sold } & 123,000 \\\text { Depreciation expense } & 14,000 \\\text { Other expenses } & 56,000 \\\text { Gain on sale of equipment } & 3,400 \\\text { Income taxes } & 16,000 \\\text { Net income } & \$ 18,400\end{array}$
During the year, equipment with an original cost of $17,000, and accumulated depreciation totaling $16,800 was sold for $3,600. Dividends were declared and paid during the year. How much cash was received from the issuance of stock during 2014?

• A) $88,200
• B) $22,900
• C) $11,450
• D) $25,200

Explain the importance of safe sleep practices and prevention strategies for Sudden Infant Death Syndrome (SIDS).

Promote safe practices in infant care, including car seat safety and avoidance of potential hazards.

Understand developmental theories, specifically Piaget's stages, and their application to infant development.

Communicate effectively with parents about practices that support developmental milestones and address common concerns.

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Definitions:

Structured

Organized and planned in a clear, systematic way, often involving a specific format or arrangement.

Social Context

The environmental, cultural, and interpersonal factors that influence individuals and interactions in society.

Professionalism

The competence or skill expected of a professional, including adherence to ethical standards.

Promotions

Promotions are activities aimed at increasing the visibility, sales, or market share of a product or service, including advertising and special offers.