Partners david and goliath have decided to liquidate their business. the following information is available:

cash $100,000
inventory $200,000
total assets : $300,000
accounts payable $80,000
david, capital $140,000
goliath, capital $80,000
total liab. and equity: $300,000

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 goliath at the end of the first month?

Consider a small island country whose only industry is weaving. the following table shows information about the small economy in two different years. complete the table by calculating physical capital per worker as well as labor productivity. hint: recall that productivity is defined as the amount of goods and services a worker can produce per hour. in this problem, measure productivity as the quantity of goods per hour of labor. year physical capital labor force physical capital per worker labor hours output labor productivity (looms) (workers) (looms) (hours) (garments) (garments per hour of labor) 2024 160 40 1,800 14,400 2025 180 60 3,900 23,400

P11.2a (lo 2, 4) fechter corporation had the following stockholders’ equity accounts on january 1, 2020: common stock ($5 par) $500,000, paid-in capital in excess of par—common stock $200,000, and retained earnings $100,000. in 2020, the company had the following treasury stock transactions. journalize and post treasury stock transactions, and prepare stockholders’ equity section. mar. 1 purchased 5,000 shares at $8 per share. june 1 sold 1,000 shares at $12 per share. sept. 1 sold 2,000 shares at $10 per share. dec. 1 sold 1,000 shares at $7 per share. fechter corporation uses the cost method of accounting for treasury stock. in 2020, the company reported net income of $30,000. instructions a. journalize the treasury stock transactions, and prepare the closing entry at december 31, 2020, for net income. b. open accounts for (1) paid-in capital from treasury stock, (2) treasury stock, and (3) retained earnings. (post to t-accounts.) c. prepare the stockholders’ equity section for fechter corporation at december 31, 2020.

Which of the following best describes why you need to establish goals for your program?