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Before Maria changed jobs, her salary was 24 percent more than Julio's salary. After Maria changed jobs, her new salary was 24 percent less than her old salary.
Compare:
Column A: Julio's salary
Column B: Maria's new salary
Let Julio's salary be $J$ and Maria's old salary be $M_{old}$.
Given: $M_{old} = 1.24J$
Maria's new salary: $M_{new} = M_{old} - 0.24M_{old} = 0.76M_{old} = 0.76(1.24J) = 0.9424J$
Comparing:
- Column A: $J = 1.0J$
- Column B: $0.9424J$
Since $1.0 > 0.9424$, Column A (Julio's salary) is greater than Column B (Maria's new salary).
Therefore, Column A is greater.
Wound packing with sinus tracts (tunnels) requires:
- Loose packing to fill dead space without pressure โ tight packing impairs circulation and healing
- Use moistened gauze (saline-moistened) โ maintains a moist wound environment that promotes healing
- Packing prevents premature surface closure while the wound heals from the base upward (primary intention vs. secondary intention healing)
Wound packing principles:
- Measure depth and width at each dressing change
- Document amount of packing material inserted and removed
- Pack gently to avoid trauma
- Do not pack so tightly that it creates pressure necrosis
- Use sterile technique throughout
Failure to pack sinus tracts properly leads to premature wound closure with abscess formation underneath.
A sole trader rented out office space from 1 January 2024 at $500/month for 24 months. During year ended 31 December 2024, he received rent $5,500 and refundable deposit $500. What appears in the statement of financial position at 31 December 2024?
| Option | Current Assets | Current Liabilities |
|---|---|---|
| A | nil | $500 |
| B | $500 | nil |
| C | $500 | $500 |
| D | $1,000 | nil |
Option C is correct.
Current asset: Annual rent = 12 × $500 = $6,000; Received $5,500; Accrued = $500.
Current liability: The $500 deposit must be returned to the tenant โ it is not income, it is a liability owed to the tenant = $500.
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