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4 years ago

How do I get better at Risk the Board Game

1 answer:

6 0

Research risk and reward strategies with tactical advantages and disadvantages and use them to create how you want to play risk, either passive or dominant in your strategy but remember to get help, theres no need to do it alone if you have friends that have experience in this game and are willing to help you create a strategy that will enhance your experience and greatly increase your skills in Risk.

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The following information are available about the economy, where all figures are in million dollars: Full employment = $2,000, C

Softa [21]

Answer:

Explanation:

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4 0

3 years ago

Jim has $1,000 income from his job and $200 stock dividend income this month. This month Jim has rent and utilities of $300 and

Ahat [919]

Answer:

A) $1,200

Explanation:

The cash inflow is that amount which increases the cash balance i.e cash has come whereas cash outflow is that amount which decreases the cash balance

In the given situation, the cash inflow would be

= Income generated from his job + stock dividend income

= $1,000 + $200

= $1,200

And, the cash outflow would be rent & utilities and other types of expenses which decrease the cash balance as the cash is gone

6 0

3 years ago

rion Iron Corp. tracks the number of units purchased and sold throughout each year but applies its inventory costing method at t

Akimi4 [234]

Answer:

1. 2,100 units and $28,350

2. 1,170 units

Cost of ending inventory Cost of goods sold

a. FIFO $16,590 $11,760

b. LIFO $15,300 $13,050

c. Weighted Average $12,093 $12,492

Income Statement for the year ended December 31

FIFO LIFO Weighted Average

Sales ($12,600 + $ 26,460) $39,060 $39,060 $39,060

Cost of Goods Sold ($11,760) ($13,050) ( $12,492)

Gross Profit $27,300 $26,010 $26,568

Less Expenses ($18,200) ($18,200) ($18,200)

Net Income / (Loss) $9,100 $7,810 $8,368

5. No Data

6. LIFO

Explanation:

Periodic Method means that inventory valuation is done after a specific period. In this case valuation is being done at year end.

Calculation of the number and cost of goods available for sale

Units Total Costs

Beginning Inventory 300 $4,200

Add Purchases :

April 11 950 $11,400

June 1 850 $12,750

Available for Sale 2,100 $28,350

Ending Inventory units = Units Available for Sale - Units Sold

= 2,100 units - 300 units - 630 units

= 1,170 units

a. FIFO

FIFO stands for First In First Out.

i. Cost of ending inventory

320 units × $12 = $3,840

850 units × $15 = $12,750

Total = $16,590

ii. Cost of goods sold

300 units × $14 = $4,200

630 units × $12 = $7,560

Total = $11,760

b. LIFO

LIFO stands for Last In Last Out

i. Cost of ending inventory

300 units × $14 = $4,200

650 units × $12 = $7,800

220 units × $15 = $3,300

Total = $15,300

ii. Cost of goods sold

300 units × $12 = $3,600

630 units × $15 = $9,450

Total = $13,050

c. weighted average cost

This method recalculates the unit costs after every purchase. Sales are valued at the latest unit costs calculated.

1st calculation : April 11

Unit Cost = Total Cost ÷ Total Number of Units

= ((950 units × $12) + (300 units × $14)) ÷ (1,250)

= $12.45

Sale = 300 × $12.45

= $3,735

2nd Calculation : June 1

Unit Cost = Total Cost ÷ Total Number of Units

= ((650 units × $12.45) + (850 units × $15)) ÷ (1,500)

= $13.90

Sale = 630 × $13.90

= $8,757

ii. Cost of goods sold

Total Cost of Goods Sold = $3,735 + $8,757

= $12,492

i. Cost of ending inventory

Ending Inventory = 870 × $13.90

= $12,093

6 0

4 years ago

Product costs are manufacturing costs (all costs required to produce something). Depending on the state of production, product c

AlekseyPX

Answer:

The answer of each requirement is given below.

If they are "costs" why are they recorded in asset accounts and not expense accounts?

These cost are future expense. As per accounting rules expense is recorded against any purchase when benifit from it is taken, The benifit from stock is taken when it is sold. So RM, WIP and FG are cost accounted as asset as they are still in pipeline and is to be sold in future.

2) Do these product costs ever become an expense to the company?

Yes, these cost become expenses when final goods are sold. Untill sale they are company asset, as asset is something from which future economic benifit is to taken or derived.

5 0

3 years ago

Which of the following theories states that in those industries where the output required to attain economies of scale represent

Levart [38]

Answer:

The correct answer is D. New trade .

Explanation:

The "new" theory of international trade. These theories are based on imperfect competition. Among them are the following:

- Opportunity Cost Theory, by G. Haberler. Work is not the only resource nor is it homogeneous. It is based on the opportunity cost of a good.

- Monopolistic Competition Model, by Paul Krugman.

The "latest" recent developments that incorporate differences between companies. In this category, differences between companies are considered to understand this area. Among them are:

- Conclusions of Bernard, Redding and Schott. Increase the productivity of the entire industry. The expansion of the production of the exporting companies implies an increase in the demand for factors and an increase in the price of the inputs.

- R. E. Baldwin and R. Forslid. Liberalization brings welfare gains.

4 0

3 years ago