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Does net income using weighted average fall between that using FIFO and LIFO?
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What are the advantages and disadvantages of weighted average cost?
The advantages of using weighted average cost is that it is consistent, the formula is very simple to use and their is less paperwork. This method, however, makes it difficult to follow the ups and downs of the market if prices change frequently.
What are the disadvantages in using national income?
One disadvantage of using national income is that it is often difficult to tell between final goods and intermediate goods. Another disadvantage is problems with double counting.
How do you determine the amount of finished inventory?
The finished inventory, aka Cost of Goods Sold, is determined by eithera. Cost of Goods Available for Sale less Cost of Ending Inventoryorb. Using either LIFO, FIFO or Weighted Average method of cost-flow calculation.
Define earned income taxes and personal income taxes?
An individual taxpayer using the 1040 federal income tax return earned income worked for income and the related income taxes and the personal income taxes would be the same thing on the 1040 income tax return.
If your net income is 47000 what is your gross income?
Jones bought an income property for which $47,000.00 was deducted from gross income for operating expenses. If the operating expenses are 30% of gross income, the value of the property using a cap rate of 12.5%?
What is the benefit of using Google to determine average income rates?
The benefit of using Google to determine average income rates is that Google will locate various websites that makes determining average income rates extremely easy.
What is advantages and disadvantages of weighted average?
The advantages of using weighted averages are that it smooths out fluctuations due to statistical outliers. The disadvantage is that this gives a uniformity in the statistics and can make it difficult to project trends.
What is a time weighted average?
Time Weighted Average is an average using time as the weight. For example assume 3 gallons flows for 5 minutes then 10 gals for 5 mins then 7gals for 15 mins. The time-weighted average of flow over the total time is [(3x5)+(10x5)+(7x15)] all divided by (5+5+15) and equals 5 gallons per minute.
What are the advantages and disadvantages of weighted average cost?
The advantages of using weighted average cost is that it is consistent, the formula is very simple to use and their is less paperwork. This method, however, makes it difficult to follow the ups and downs of the market if prices change frequently.
How do you calculate rainfall using the thiessen polygon method?
Thiessen Polygon method is a weighted average mean method used to calculate average rainfall. The catchment area is divided into subcatchments using the Thiessen polygon method.
What is a cosmetologists monthly income?
Cosmetologists incomes vary from between $20,000 and $50,000 a year, which is an average of around $35,000. Using the average of $35,000 a year, a cosmetologist earns around $2,900 a month.
Is weighted equipment dangerous to use by yourself?
Weighted equipment can be dangerous if used on your own when you do not know the proper form and method to using it. It may be beneficial to watch videos before using any type of weighted equipment to ensure you do not injure your back.
Is it the arithmetic mean or weighted mean that is more accurate Why?
The arithmetic mean and the weighted mean are used in different situations. The arithmetic mean is used in frequencies as a general average. The weighted mean is used when different factors contribute to some kind of total for example with weighted index numbers. It is not a matter of accuracy it involves using the right mean in the right situation. Almost always (if not always) a question will specify which mean to use.
Disadvantages of using per capita income to measure standard of living?
One disadvantage of using per capita income to measure standard of living is that the average doesn't really account fluctuations in standard of living between very rich and very poor. This difference can be huge, but a per capita can make it appear small.
What are some of the cons using weighted vests?
Cons when using a weighted vest is that you do not always challenge your body enough. You must perform more than simple movements and start with a weight you know you can handle.
Why is it important to use a weighted average when determining the average atomic mass of your element?
It is important to use a weighted average because different isotopes of an element have different atomic masses due to the presence of different numbers of neutrons. The abundance of each isotope also varies, meaning some isotopes are more common than others. By using a weighted average, the more abundant isotopes have a greater contribution to the overall average atomic mass of the element, providing a more accurate representation.
What are the disadvantages in using national income?
One disadvantage of using national income is that it is often difficult to tell between final goods and intermediate goods. Another disadvantage is problems with double counting.
