0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is the difference between Average method vs weighted average method?
in weighted average method we assigns the weight to the averages while in average methods we dnt do this
Methods of accounting under changing price level?
Weighted average or first in first out
Weighted average atomic mass?
What is weighted average atomic number
Is The Dow Jones Industrial Average a market value weighted or price weighted index?
The Dow Jones Industrial average is a price weighted index.
What do you add to your unweighted average?
You can't convert an unweighted average into a weighted average simply by adding something. You have to do the whole calculation for the weighted average.
What is the difference between average and weighted average?
weighted average is an average in which each quantity to be averaged is assigned a weight. These weightings determine the relative importance of each quantity on the average.
Why are multiples used in weighted average calculation?
The multiples are the weights (or importance) associated with each observation on which the weighted average is based.
Weighted mean sample problem?
weighted mean is getting the weighted average of students. normally, it is always use in computing the general average of the students to determine the ranking of the whole class.
What is the abbreviation for weighted average?
WAVG
Is weighted average inventory valuation GAAP?
Yes, along with FIFO and LIFO, Weighted average is a generally accepted accounting principle.
Difference between simple and weighted average?
In a simple average every value is worth the same, but in a weighted average, the frequency of each value is taken into consideration.
Under what conditions will the weighted average and FIFO methods give similar result?
These would yield similar results if your cost of purchasing inventory from suppliers has stayed relatively constant.
