Partners David and Goliath Have Decided to Liquidate Their Business

question 22

Multiple Choice

Partners David and Goliath have decided to liquidate their business.The following information is available:
David and Goliath share profits and losses in a 3:1 ratio,respectively.During the first month of liquidation,half the inventory is sold for $70,000,and $50,000 of the accounts payable are paid.During the second month,the rest of the inventory is sold for $55,000,and the remaining accounts payable are paid.Cash is distributed at the end of each month,and the liquidation is completed at the end of the second month.
-Refer to the information provided above.Using a safe payment schedule,how much cash will be distributed to David at the end of the first month?

• A)$22,500
• B)$42,500
• C)$75,000
• D)$117,500

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Definitions:

Signifying

A term often used in African American literary theory that refers to a technique of indirect representation and rhetorical strategy, characterized by veiled messages and doublespeak.

Indirect Questioning

A technique in research or conversation that avoids direct questions to elicit more honest or informative responses.

Cross-Racial Communication

Interaction between individuals of different racial backgrounds, focusing on the exchange of cultural values, perspectives, and understanding.

Cultural Norms

The shared expectations and rules that guide behavior of people within social groups, typically considered normal or appropriate in a given culture.