Partners David and Goliath Have Decided to Liquidate Their Business

question 35

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.How much cash will be distributed to Goliath at the end of the second month?

• A)$11,250
• B)$13,750
• C)$20,000
• D)$25,000

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Mutations

Changes in the nucleotide sequences of the genetic material of an organism, which can lead to variations in physical and functional traits.

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A virus known as Human Immunodeficiency Virus targets the immune system, potentially causing Acquired Immunodeficiency Syndrome (AIDS) without proper treatment.

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MSM

An acronym for "men who have sex with men," used to describe a behavior that impacts public health without specifying sexual orientation.