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Yes, net income using the weighted average method typically falls between that calculated using FIFO (First-In, First-Out) and LIFO (Last-In, First-Out) methods. This is because FIFO usually results in higher net income during periods of rising prices, as older, cheaper costs are matched against current revenues, while LIFO results in lower net income as newer, higher costs are used. The weighted average method smooths out price fluctuations, leading to a net income that is generally in between the two extremes.
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When using the weighted-average method of taking inventory the last step is to divide the total of all purchases by the?
When using the weighted-average method of inventory valuation, the last step is to divide the total cost of all purchases (including beginning inventory) by the total number of units available for sale. This calculation results in the weighted-average cost per unit. This average cost is then used to value the ending inventory and the cost of goods sold.
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.
Is gross income used for FERS retirement or net income?
For FERS (Federal Employees Retirement System) retirement calculations, gross income is used rather than net income. Specifically, the retirement benefit is based on the high-3 average salary, which is the highest average salary earned during any three consecutive years of service, calculated using gross pay. This means that deductions for taxes or other withholdings are not considered in determining the retirement benefits.
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.
How can weighted pull ups be performed without using a belt?
Weighted pull ups can be performed without using a belt by holding a dumbbell between your feet or using a weighted vest.
When using the weighted-average method of taking inventory the last step is to divide the total of all purchases by the?
When using the weighted-average method of inventory valuation, the last step is to divide the total cost of all purchases (including beginning inventory) by the total number of units available for sale. This calculation results in the weighted-average cost per unit. This average cost is then used to value the ending inventory and the cost of goods sold.
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.
How do you find the weight of an assignment in a weighted grading system using overall grade and average grade per type of assignment?
To find the weight of an assignment in a weighted grading system, you can use the formula: ( \text{Weight} = \frac{\text{Overall Grade} - \text{Weighted Average of Other Assignments}}{\text{Average Grade of the Assignment Type} - \text{Weighted Average of Other Assignments}} ). First, calculate the weighted average of other assignments by multiplying their average grades by their respective weights. Once you have this, rearranging the formula allows you to isolate and determine the weight of the specific assignment type in question.
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.
How can I effectively perform weighted pull ups without using a belt?
To effectively perform weighted pull-ups without using a belt, you can hold a dumbbell between your feet or use a weighted vest to add resistance. This will help strengthen your muscles and improve your pull-up performance.
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.
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.
What are the advantages of using a keyboard with semi-weighted keys?
Semi-weighted keys on a keyboard offer a balance between the lightness of a standard keyboard and the heaviness of a fully weighted one. This provides better control and expression while playing, making it suitable for a wide range of music styles.
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.
