Marquette Décor Is a Merchandiser That Operates a Small Retail

question 17

Multiple Choice

Marquette Décor is a merchandiser that operates a small retail store.Comparative balance sheets for the years ending December 31, 2018 and 2017 and its income statement for 2018 follow: $\begin{array}{lrr}&\text { December } 31\\\text { Assets }&2018&2017\\\hline \text { Cash } & \$ 35,400 & \$ 45,300 \\\text { Accounts receivable } & 11,400 & 14,500 \\\text { Merchandise inventories } & 36,500 & 34,100 \\\text { Equipment } & 90,000 & 66,000 \\\text { Accumulated depreciation } & \underline{(28,600) } & (31,400) \\\text { Total assets } & \$ 144,700 & \$ 128,500\\\\\text { Liabilities and Stockholders' Equity }\\\hline \text { Accounts payable } & \$ 14,300 & \$ 12,500 \\\text { Income taxes payable } & 4,500 & 8,800 \\\text { Long-term notes payable } & 16,500 & 23,000 \\\text { Common stock, } \$ 2 \text { par } & 88,200 & 65,300 \\\text { Retained earnings } & 21,200 & 18,900 \\ \text { Total liabilities and stockholders' equity } & \$ 144,700 & \$ 128,500 \\\\\text { Sales } & \$ 224,000 \\\text { Cost of goods sold } & 123,000 \\\text { Depreciation expense } & 14,000 \\\text { Other expenses } & 56,000 \\\text { Gain on sale of equipment } & 3,400 \\\text { Income taxes } & 16,000 \\\text { Net income } & \$ 18,400\end{array}$ 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.The company uses the indirect method.How much is cash provided/(used) by operating activities?

• A)$27,200
• B)$30,600
• C)$29,000
• D)$30,800

Calculate arithmetic and geometric returns for investments.

Recognize and calculate the standard deviation and variance of investment returns.

Understand the relationship between risk and the rate of return on investments.

Identify the components of total return on investments.

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Definitions:

Judith Butler

A contemporary philosopher and gender theorist who has contributed significantly to the fields of feminism, queer theory, political philosophy, and ethics.

Gays and Lesbians

Individuals identifying as homosexual, referring to men and women attracted to the same sex, respectively.

Heterosexual Culture

The societal norms, values, and practices that promote and privilege heterosexuality as the expected or default sexual orientation.

Judith Butler

A critical theorist known for contributions to gender studies, emphasizing the performativity of gender roles and challenging conventional gender identities.