Answer:
The Journal entries are as follows:
(i) On August 1,
Legal expense A/c Dr. $9,600
To Common stock $8,000
To Additional Paid-in capital $1,600
(To record issue of 800 common shares of par value $10 to attorney)
(ii) On August 15,
Cash A/c Dr. $75,000
To Common stock $50,000
To Additional Paid-in capital $25,000
(To record issue of 5,000 common shares each at $10 par value)
(iii) On October 15,
Land A/c Dr. $48,000
To Common stock $30,000
To Additional Paid-in capital $18,000
(To record issue of 3,000 common shares as a consideration for purchase of Land)
Answer:
A group of people who work together to achieve some specific purpose
Explanation:
Organisations or companies are established by people to achieve a common goal. Here people from different aspects and from different back ground come together and work together to achieve a specific purpose.
All people collaborate and help each other to full fill the vision and the objective of the organisation. They share their ideas and talents for the success of the organisation and help to achieve the specific purpose of the organisation.
Thus the answer is A group of people who work together to achieve some specific purpose.
Answer: (1121300)
Explanation:
The initial outlay for the project will be:
Machinery purchase price = =-1000000-175000 = (1,175,000)
Less: Proceed from old machine =
= =85000+(140000-85000) × 34% = 103,700
Net working capital = 50,000
Initial outlay = (1121300)
Answer:
Total purchase= $55,420
Explanation:
Giving the following information:
Wallace Company provides the following data for next year: Month Budgeted Sales January $120,000 February 108,000. Inventory at the end of December is $29,600 and target ending inventory levels are 10% of next month's sales, stated at cost.
The gross profit rate is 35% of sales.
Cost of January= 120,000*0.65= 78,000
Purchase for Febraury= [(108000*0.65)*0.10]= 7,020
Beginning inventory= 29,600 (-)
Total purchase= $55,420
The two major causes of postoperative wound evisceration are as follows,
- Post-surgery wound stress, which might involve something as simple as a cough or sneeze
- Certain sutures may disintegrate too quickly, causing the wound to open.
- The type of closure employed, may or may not have been beneficial for the incision.
What is evisceration?
Evisceration is a rare but serious surgical complication in which the surgical incision opens and the abdominal organs protrude or come out. Evisceration is a medical emergency that must be treated as such.
- It can range from mild to severe, with the organs exposed and slightly protruding outside of the incision.
- Intestines, for example, may leak from an abdominal incision.
- This is usually considered a medical emergency.
- If you notice tissue or organs emerging from a surgical site, call your doctor.
- It is critical to keep the wound wet. Cover the opening and organs with a wet, sterile bandage or sheet while on your route to seek medical help or while waiting for EMS.
Learn more about Evisceration here,
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