The weighted average cost method uses the financing cost for Cost of Goods Sold on the income statement and the total cost for Inventory on the balance sheet.
What is the weighted average cost?
This can be referred to mean the calculated cost of capital of a firm where all of the capital is weighted in a proportional manner.
The whole sources of this capital are known to be used when carrying out this calculation.
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Answer:
3
Explanation:
We are asked to use the midpoint formula.
Here, instead of dividing the change in values by the old value as in the normal elasticity calculation, we use the average of the two.
Mathematically:
Price elasticity of demand according to midpoint formula is :
{Q2 - Q1 / (Q2 + Q1) ÷ 2] × 100%} ÷ {[P2 - P1/ (P2 + P1) ÷ 2] × 100}
Price changed from 5 to 7. The midpoint of 5 and 7 is the average = (5+7)/2 = 6
% change in price in this case is (7-5)/6 * 100 = 100/3 = 33.33%
% change in quantity:
We first find the average = (12+4)/2 = 16/2 = 8
% change = (4-12)/8 * 100 = -100%
The elasticity of demand is thus -100/33.33 = 3
Answer:
D. Students don't have to begin repaying until they're done with school.
Answer:
$521,444
Explanation:
PMT (Monthly deposit) = $458
i/r = 6.3% / year = 0.525% / month (Since the interest is compounded monthly, the interest should be calculated in monthly)
n = 31 years = 372 months. Since the first deposit will be made one month from now, n = 371 should be input into financial calculator.
PV (Present Value) = 0
FV = $521,444
I believe that the answer is d) All of the above