Monopoly
Monopoly
What is a game where you travel around the board looking to purchase properties and obtain a monopoly, all while paying expenses/rent to other players.
Best described by involving wages and hours, which calculates the pay for hours worked and tax deductions.
What is payroll?
Services
What can't merchandise be?
It serves as a means of exchanging commodities and services
What does currency serve as?
This amount was inherited before your trip.
What is 13,000 USD?
This is an amount or debt owed by a business
What is a liability?
Punch card, timesheet, swipe card, digital pin
What are methods of clocking in to work?
Businesses spend money for expensive storage and warehouse space
What happens when merchandise inventory is larger than needed?
Money in the form of paper or coins, issued by a government and accepted at face value.
What is currency?
An unexpected cost that occurred during the trip
What is an emergency expense?
The cost of a company's operation.
What is an expense?
These three common tax deductions are taken out of your paystubs.
What is medicare, federal income tax, and social security?
Sales may be lost to competitors if items wanted by customers are not on hand.
What happens when a merchandise inventory is smaller than needed?
Amount of one country’s currency in relation to the currency of another country.
Your country of destination and currency of destination.
What is _________________?
The total amount of income generated by the sale of goods/services
What is revenue?
6.2 % and 1.45%
What is the social security fixed tax rate and what is medicare's fixed tax rate?
FIFO and LIFO
What is first in first out and last in first out?
Yuan
What is the currency of China?
These 3 things are the most common expenses during your trip.
What are attractions, restaurants, and transportation?
It's the most valuable property in Monopoly. This cost 400M. It has large return on investment.
What is Boardwalk and why is it valuable?
Depends on your income.
What is federal income tax dependent on?
Determined by keeping a continuous record of increases, decreases, and balance on hand
What is perpetual inventory?
These two factors effect exchange rate.
What are politics and economic conditions?
This unfortunate encounter happened to Rain Siravo (p6) in Sri Lanka.
What is a jackal bitten ankle attack?