Mary Kay Cosmetics
Selected Data and Additional Information from the Company's

question 66

Essay

Mary Kay Cosmetics
Selected data and additional information from the company's records are presented below:
$\begin{array}{lll}\underline {\text { Balance Slicet Data }}&\underline { 2014 }&\underline { 2013 }\\ \text { Cash } & \$ 235,000 & 246,000 \\\text { Accountsreceivable } & \$ 120,000 & \$ 150,000 \\\text { Inventories } & 56,000 & 50,000 \\\text { Accounts payable } & 38,000 & 70,000 \\\text { Salaries payable } & 10,000 & 5,000 \\\text { Equipment } & 110,000 & 70,000 \\\text { Accumulated depreciation } & 28,000 & 32,000 \\\text { Bondspayable } & 100,000 & 200,000 \\\text { Common stock } & 300,000 & 200,000 \\\text { Retained earnings } &76,000& 400,000\\\\\underline {\text { Income Statement Data } }&&\underline { 2014 }\\\text { Net sales } && \$ 920,000 \\\text {Cost of goods sold } &&700,000\\\text { Operating expense (excluding depreciation expense) } &&160,000\\\text { Net income (Includes depreciation expense and gain) } &&56,000\\\text {Gain on sale of equipment } &&4,000\\\end{array}$ Additional information:
1. Equipment with a cost of $\$ 30,000$ and a book value of $\$ 18,000$ was sold for $\$ 22,000$ during 2014 .
2. Common stock was issued to retire bonds payable duing 2014 .
3. The only items affecting retained earnings in 2014 were net income and dividends declared and paid. Refer to Mary Kay Cosmetics.What amount was paid to retire bonds payable during 2014?

Recognize the importance of adherence to professional standards and ethical guidelines in client interactions.

Understand the types of questions used in social work and their implications.

Identify the circumstances under which "safe" social interaction is beneficial in the helping process.

Learn strategies to minimize inappropriate or excessive interrupting during client conversations.

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Definitions:

75th Percentile

A value below which 75% of the data falls, often used in statistical analysis to measure data distribution.

Box Plot

A graphical representation of data that shows the distribution's minimum, maximum, median, and quartiles.

Observations

Data collected through measurement, surveys, or experimentation to represent instances of a variable.

Quartile

A statistical term describing each of four equal groups that a data set can be divided into based on distribution.