Palmona co. establishes a $320 petty cash fund on january
on january 8, the fund shows $217 in cash along with receipts for the following expenditures:
postage, $43; transportation-in, $13;
delivery expenses, $15;
and miscellaneous expenses, $32.
palmona uses the perpetual system in accounting for merchandise inventory.
prepare journal entry to establish the fund on january 1, reimburse it on january 8, and reimburse the fund and increase it to $370 on january 8.

10. which of the following is true regarding preretirement inflation? a. defined-benefit plans provide more inflation protection than defined-contribution plans. b. because of preretirement inflation, possible investment-related growth is increased for defined-contribution plans. c. all types of benefits are designed to cope with preretirement inflation. d. preretirement inflation is generally reflected in the increase in an employee's compensation level over a working career.

Two products, qi and vh, emerge from a joint process. product qi has been allocated $34,300 of the total joint costs of $55,000. a total of 2,900 units of product qi are produced from the joint process. product qi can be sold at the split-off point for $11 per unit, or it can be processed further for an additional total cost of $10,900 and then sold for $13 per unit. if product qi is processed further and sold, what would be the financial advantage (disadvantage) for the company compared with sale in its unprocessed form directly after the split-off point?

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