All plans in Sprout include presentation-ready social media reports that can be filtered by platform and date.
This implies that you have simple access to customizable graphs and comparisons to earlier time periods, as well as easy access to team leaders and executives.
What key measure should social media companies focus on?
Engagement, impressions and reach, voice and share of voice, referrals and conversions, reaction rate and time are the most prevalent and frequently significant indicators to consider. You will have a 360-degree view of your social media performance when these are combined.
It's important to track the broad category of engagement.
The engagement rate is a measure that is frequently used to monitor how actively engaged your audience is with your content and how successful your brand efforts are. Customers who are actively engaged engage with brands through behaviors like "likes," "comments," and social sharing.
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we all know there are lots of no-good, lying, dishonest politicians who have no real-world business experience. many of them can't even understand simple supply and demand concepts that are taught in microeconomics. yet many of them will say anything or do anything to get elected because they are simply power-hungry and love the money that flows in from special interest groups that will make them rich. when a politician like this puts their own interests ahead of the voters, then what do we call this in economics?
The quantity of a good, service, or commodity that is offered and the demand for it are factors that affect its price.
Describe how supply and demand work?The quantity of a good, service, or commodity that is offered and the demand for it are factors that affect its price.Two fundamental economic theories are combined in the law of supply and demand to explain how changes in the price of a resource, good, or service impact its supply and demand. Supply grows as the price rises, but demand drops. In contrast, as the price falls, supply is constrained and demand is increased.Demand is the market's desire to buy the good or service, whereas supply is the market's capacity to produce the commodity or service.The economic interaction between the sellers and the consumers of various goods is governed by the law of supply and demand.To learn more about supply and demand refer to:
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as a member of a team of subject matter experts in the management of engineering projects, you need to organize discussions in a way that facilitates participation by all the experts. which team decision-making approach will be best in ensuring input from the team experts?
Delphi group technique is the best team decision-making approach for ensuring input from team experts.
Who is subject matter experts?Subject matter experts provide highly specialized knowledge about a specific area, practice, process, technical method, or piece of equipment to companies or clients. Others seek them out to solve specific problems or meet challenges. If a resource is truly an expert in their field, their greatest value will be found in a few key areas: Better requirement definition. Project priorities are being aligned with industry best practices. Putting user needs at the heart of the design process to influence product delivery and strategy. Clearly, subject matter experts' unique perspectives are critical to success. Opportunities and challenges accompany the high demand for a subject matter expert's knowledge. Being a subject matter expert, on the other hand, is beneficial to your professional development.
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g which comes closest to the future value of $825 to be received at the end of 5 years, if the amount earns an annual interest rate of 7% and is compounded 52 times per year?
The amount that will be paid at the end of five years for the future value of $825, if it yields 7% annual interest and is compounded 52 times a year, is $1,170.46.
Write a brief note on Compound interest.Compound interest, also known by the names of interest on principal and interest, is the practice of adding interest to the principal amount of a loan or deposit. In the fields of finance as well as economics, compound interest is common.
Compound interest allows interest to accumulate over time as opposed to simple interest, which does not compound because prior interest is not added to the principal for the current period.
To solve the question :
A = $1,170.46
A = P + I where,
P (Principal) = $825.00
I (Interest) = $345.46
To solve the question :
Converting R as a % to r as a decimal :
r = R/100
r = 7/100
r = 0.07 rate per year,
Then solve the equation for A
A = P(1 + r/n)nt
A = 825.00(1 + 0.07/52)(52)(5)
A = 825.00(1 + 0.0013461538461538)(260)
A = $1,170.46
Summary:
The total amount accrued, principal plus interest, with compound interest on a principal of $825.00 at a rate of 7% per year compounded 52 times per year over 5 years is $1,170.46.
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Mike owns swibel trucking, a successful trucking business, as a sole proprietor. After many successful years in business, one night he decides he wants to change his business to a partnership so that he can share the burden and devote more time to pursue his hobby of duck watching full time. What steps must he take to change the type of business entity to a partnership?.
None as a sole proprietor can convert to another business form at the proprietor's will.
A sole proprietor is a person who owns an unincorporated business by means of himself or herself. But, in case you are the only member of a home restricted liability business enterprise (LLC), you aren't a sole proprietor if you pick to deal with the LLC as an agency.
A self-employed person really means the character works for him or herself. It is just a business term. A sole proprietor refers to someone who owns an enterprise by themselves. A sole proprietor does now not work for a business enterprise like a conventional worker.
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While the use of data and information are important in most businesses, there are also a variety of considerations regarding the protection of customers’ privacy, security, and confidentiality as this information is stored for future use. Explain and identify how and why businesses can and should approach the use of data with privacy, security, and confidentiality in mind.
The reason why businesses can and should approach the use of data with privacy, security, and confidentiality in mind is because they need to protect the data of clients from the cyber thieves.
What is the importance of protecting data privacy?The importance of protecting data privacy is that the client can sue the firm in case the their data is been stolen from the firm.
It should be noted that the privacy, security, and confidentiality with respect to the data management is very essential for the image of the company so that the client can trust the company with their important data now and in the future.
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They must safeguard customer data from online thieves, organizations can and should approach the usage of data with privacy, security, and confidentiality in mind.
What is data and information?Data and information are not the same things, despite the fact that they are commonly used interchangeably. There are small differences between these components and how they work. Data refers to individual facts, whereas information refers to how those facts are organized and interpreted.
Data is a solitary unit made up of simple parts with no clear purpose. Information is a group of facts that, when considered collectively, have a logical significance. Data can exist without information. Data are reliant on knowledge.
Thus, They must safeguard customer data from online thieves.
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what are trade alliances designed to do? check all that apply. protect an individual country from competitors reduce tariffs and other restrictions on trade return countries to individual economies open borders between countries
Trade alliances are designed to reduce tariffs and other restrictions on trade, and open borders between countries.
What are trade alliances?Trade alliances are also called trade agreements. It is a form of agreement that emphasizes the formulation of trade relationships. It is important to mention that trade alliances include both multilateral and bilateral agreements. It can take place between two nations or two states.
Trade alliances effectively allow countries to open up their border so that trade can be carried out without any interruption. Furthermore, it is also a means through which trade restrictions and tariffs can be reduced.
It can be concluded that trade alliances are designed to reduce tariffs and other restrictions on trade, and open borders between countries.
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wage differences that reflect the fact that some jobs are less pleasant than others are called: efficiency wages. market power. compensating differentials. discrimination.
The wage differences that reflect the fact that some jobs are less pleasant than others are called compensating differentials.
Define compensating differentials.A compensating differential, also known as a compensating salary differential or an equalizing difference, is the additional revenue necessary to persuade a person to accept a certain unfavorable job in comparison to alternative jobs that the worker may perform.
The higher remuneration that logging businesses give their employees because of the nature of their labor is an example of compensation differentials. Compensation wage differentials are created to make up for nonwage employment features, such as how "pleasant" or "unpleasant" a job is, for workers. - If a job is unpleasant, the company will likely need to pay more to entice personnel, and vice versa.
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kiran needs additional short-term financing for his robotics company, so he asks his suppliers if they could issue a discount if he pays his bills early. what type of financing resource is kiran using? factoring barter peer-to-peer lending trade credit
The type of financing resource that Kiran is using trade credit.
What is trade credit?When products and services are purchased on credit, one merchant will lend money to another. Supply purchases can be made with trade credit and delayed payment. Organizations in the business world frequently use trade credit as a form of short-term funding. It is given to clients with a respectable level of financial standing and goodwill.
Trade credit comes in a variety of widely used formats. The use of customized forms varies across sectors. They all have in common how firms work together to deploy money effectively to achieve diverse business goals.
Most business-to-business (B2B) sellers in the US use trade credit as their primary source of capital and as their greatest method of capital expenditure.
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the top toy company has launched a new product that has had more success than expected. top toy now must respond to market demand rather than operate from forecasts. what production technique is top toy employing?
The production method used by top toys is known as the Pull system.
What is a Pull system?A pull system is a lean manufacturing technique intended to cut production waste. Since production-related parts are only replaced when they are used up, this kind of technology enables businesses to produce only the number of goods required to meet consumer demand.
Production, distribution, and purchasing are all influenced by demand rather than predictions when using a pull-based supply chain. However, a pull strategy does not always require producing on demand. Toyota Motor Manufacturing is frequently used as an example of pull production, despite the fact that they rarely produce to order.
The ideal capacity of your team is increased by a pull system. Send out office correspondence faster. cut back on resource waste. boosting output.
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the production possibilities frontier illustrates group of answer choices the combinations of output that an economy should produce. the combinations of output that an economy should consume. the combinations of output that an economy can produce. all of the above are correct.
The production possibilities frontier illustrates the combination of output that an economy can produce.
An economy is a place of the production, distribution and trade, in addition to consumption of goods and offerings. In popular, it's far described as a social area that emphasize the practices, discourses, and fabric expressions related to the manufacturing, use, and management of scarce resources'.
An economy is a machine of inter-associated production and intake activities that in the long run decide the allocation of resources within a collection. The manufacturing and intake of products and services as an entire satisfy the needs of those residing and running within it.
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What type of segmentation organizes prospective customers into groups on the basis of where they live or work?.
Geographic segmentation organizes prospective customers into groups based on where they live or work
What is geographic segmentation?A sort of market segmentation called geographic segmentation divides potential customers into categories according to where they reside. Geographic segmentation enables marketers to target consumers in a country, city, or area with a message that appeals to their particular wants and needs. People who live in the same environment tend to have similar desires and requirements.The key to any marketing effort is effective geographic segmentation. It makes sure that marketing funds are used effectively to target potential clients with the most pertinent message that appeals to their requirements and is most likely to prompt purchasing behaviors. Consumers would regularly see adverts for goods and services that are not offered where they live if geographic segmentation didn't exist.To learn more about geographic segmentation, refer to https://brainly.com/question/15357678
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hp, inc., sells surplus, refurbished, or closeout computer merchandise at its hpauction website to many buyers who bid competitively against one another. this is an example of a(n)
The statement above is an example of a traditional auction. It is because they sell it by bidding to many buyers.
Auction is the process of buying and selling goods or services which are then sold to the bidder at the highest price. There are several types of auction variations, depending on the minimum bidding limit, the duration of the auction, and how the winner of this auction is determined. Usually the auction is carried out by coming to the auction place, carrying out administrative processes, and participating in the auction at the location by raising a hand or showing the number of the auction participant. Along with the development of technology, now auctions can also be done digitally.
The auction has 2 functions, namely
Private Functions. The private function is formed because the auction brings together buyers and sellers. The relationship between buyers and sellers is only related in this economic activity.Public Function. This public function is formed when the auction becomes an instrument in the general task of government by the state apparatus.Learn more about Auction here brainly.com/question/17288557
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in 2002, the united states placed higher tariffs on imports of steel. according to the open-economy macroeconomic model this policy reduced imports a. of steel into the united states, but reduced u.s. exports of other goods by an equal amount. b. of steel into the united states and increased u.s. exports of other goods by an equal amount. c. into the united states and made the net supply of dollars in the foreign exchange market shift right. d. into the united states and made u.s. net exports rise.
The United States increased its import tariffs on steel in 2002. According to the open economy macroeconomics model this policy should have the United States and make the net supply of dollars in the foreign exchange market shift right. option C is correct
All of the other things, when they imposed tariffs on exports of U.S. steels, there occurred a total increase of costs where it resulted in lowering the demand in the importing country, which created an increase in the supply surplus in the exporting country. An open economy is a form of economy in which organizations from other nations trade goods in addition to those produced domestically (goods and services). Management interchange, technological transfer, and the exchange of a wide range of commodities and services are all examples of trade. A free exchange of ideas between nations' economies is the definition of an open economy. Two ways exist for an open economy to engage with other nations. On international product marketplaces, it purchases and sells goods and services. Macroeconomics is the study of how economies function, including changes in the balance of payments, inflation, interest and foreign exchange rates, and economic production. The majority of the steel-consuming businesses continuously report that neither continuing nor ending the tariffs rates will simultaneously have various changes in the employment rate, international competitiveness, or even the capital investment.
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blaire contracted with a local print shop to print her weekly sales flyers and other advertising materials. every month, the print shop will deduct the cost of the month's printing from her company's checking account. how can blaire ensure the transactions are categorized properly? answer:
Blaire can ensure that the transactions are categorized properly by creating a bank rule. With creating a bank rule, it will help Blaire reconcile regular cash payments into Blaire's bank account.
A bank can be defined as a financial institution licensed to make loans. and receive deposits. Bank rule can be described as an automatically process transactions imported from bank feeds or a bank statement. Bank rule has a function to automatically set the type of transaction, ledger account, or customer or supplier If we are import similar transactions every month, such as direct debits, set up rules.
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roth company has current sales of 28,900 units and each unit sells for $130 per unit. break-even sales are 25,721 units. what is the margin of safety in dollars?
The dollar amount of the margin of safety is 413270.
A company's margin of safety is the amount of revenue it generates that is greater than its break-even point. Break-even sales are subtracted from actual sales to determine the margin of safety.
Break-even sales = 25,721 x $130 = 3343730 Margin of safety = 3757000 - 3343730 = 413270 The dollar amount of the margin of safety is 413270. Total Sales = 28,900 x $130 = 3757000.
How is the margin of safety calculated?The difference between the expected profitability and the break-even point is the margin of safety. Divide current sales by the breakeven point to arrive at the margin of safety formula.
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donated assets should be recorded on the balance sheet at what amount? multiple choice question. zero fair value book value of the donor net realizable value
Donated assets should be recorded on the balance sheet at a Zero Fair Value of the donor.
What are Donated Capital Asserts?Donated capital assets are a type of gift given to an entity. Assets are resources which a company uses in its business operations.
What is Fair Market Value?A Fair market value refers to the price of the product which can be sold in an open market, assuming that both the buyers and sellers have reasonable knowledge of the assets. Fair Market Value is different than the market value and appraised value.
Fair markets are most commonly used in real estate market and tax settings. Insurance companies uses fair market value to claim certain payouts. Fair market value are also often used in taxation. Municipal property taxes are based on Fair market value of the owner's property.
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while the industry for 5g compatible devices is in the introduction stage, the industry for 3g compatible devices are in the maturity stage. what does this imply?
While the industry for 5g compatible devices is in the introduction stage, the industry for 3g compatible devices are in the maturity stage. It implies that the market for 3G compatible devices has reached its maximum size, whereas the market for 5G compatible devices is still small in size.
The market for 3G-capable gadgets has achieved its maximum size, whilst the market for 5G-capable gadgets is still rather modest. The fourth stage of an industry's life cycle is when the industry structure changes into an oligopoly with a small number of dominant companies. Since the market has grown to its maximum size, future industry demand is probably going to be nil or perhaps negative. However, the initial market size is extremely tiny at this point.
The phrase "industry life cycle" refers to the four stages through which an industry or business grows. Each stage is characterized by certain commercial characteristics. The four stages of an industry's life cycle are introduction, growth, maturity, and decline. Industries are founded when new products are developed, but it is unclear how big the market will be, what the products will look like, and who the main competitors will be.
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true or false: in most cases, it is less expensive to borrow money using your certificate of deposit as collateral for a loan than if you use your used car.
Most of the time, borrowing money using your certificate of deposit as security for a loan is less expensive than doing so with your used car. Hence, the statement is true.
What is a collateral ?A valuable asset that a borrower promises as collateral for a loan is known as collateral in the financial industry.
An unsecured loan has a higher interest rate than one that is secured by collateral. If there is a default, the lender has the right to sell the collateral to make up the difference.
A loan that is backed by a collateral will probably have a interest rate that is much lower in comparison to a loan that is not backed by a collateral. A lien is a legal right or claim made by a lender against assets held by a borrower in order to pay off a debt. The borrower of a loan will have a high incentive to pay back the loan on time due to the risking of their home or other assets that are used as collateral.
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installment credit, in which the debt is repaid in equal installments over a specified period of time, exploded on the american scene with the advent of the:
Instalment credit, in which the debt is repaid in equal instalments over a specified period of time, exploded on the American scene with the advent of the automobiles.
Give a brief account on Instalment credit.A loan that has to be paid back with a predetermined period of time with fixed payments is regarded as an Instalment credit. The monthly payment is impacted by the interest rate, length, as well as fees of the loan.
Mortgages, auto loans, and personal loans are examples of common instalment loan kinds.
The time it takes to pay off an instalment loan might range from months to years. Depending on whether the interest rate is fixed or variable, it may increase or decrease in the future. In case of instalment loans some sort of additional expenses such as origination or late fees, may be possible.
One of the most important strategies to establish and enhance your credit is by making timely instalment loan payments.
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a person has $3000 to deposit in a financial institution. assuming all options were offered by the same institution, which account is likely to have the lowest interest rate or pay no interest at all? savings account checking account money market account three-year certificate of deposit
The account that is likely to pay the least interest rate will be the Checking Account. So, Option B is the correct answer.
A Checking Account is a type of bank account that allows easily deposit of funds and withdrawal of money easily. The funds can be deposited using cheques and withdrawn easily using a debit card or setting up direct deposits. These types of accounts are mostly liquid bank accounts.
The funds are accessible easily. And there is unlimited withdrawal and deposits but have a limit set for daily transaction. The primary use of these types of accounts is to hold money in a safe place for a short period of time and then it can be easily accessible when needed.
A checking account generally provides a lower interest rate as compared to a savings, money market, or certificate of deposit, and therefore checking accounts should not be used for a long-term investment.
Hence, Option B is the correct answer.
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advantages of cross-listing include group of answer choices possibly making investors, both at home and abroad, more willing to provide capital and to increase the value of the pre-existing shares. a possible signal of the company's commitment to shareholder rights. all of the options providing their shareholders with a higher degree of protection than may be available in the home country.
The statements are all true. Cross listing allows foreign investors the chance to invest in that company and calls for higher standards of corporate governance and dedication to shareholders.
Any individual, business, or organization that holds at least one share of a company's stock or unit in a mutual fund is referred to as a shareholder. With specific rights and obligations, shareholders effectively own the business. They are able to benefit from a company's success thanks to this sort of ownership. These benefits take the form of rising stock prices or cash gains paid out as dividends.
On the other hand, when a corporation experiences a loss, the share price always falls, which can result in financial losses for shareholders or declines in their portfolios. Any individual, organization, or entity that has stock in a firm is a shareholder. An investor in a corporation is permitted to own just one share.
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maryann must consider the various bakery expenses involved with making and delivering each crepe, for example, flour, eggs, milk, sugar, and butter. these costs are classified as
Answer:Variable
Explanation:
variable When creating and delivering each crepe, MaryAnn must account for the numerous bakery costs, such as flour, eggs, milk, sugar, and butter.
What is a sample of a variable cost?Sales commissions, direct labor costs, the price of raw materials used in production, and utility prices are a few examples of variable costs. Variable costs are sometimes regarded as short-term costs since they may be easily changed.
What distinguishes a variable from a fixed?With fixed-rate financing, your loan's interest rate won't fluctuate over its term. The interest rate on your loan may alter depending on the prime rate or another rate known as a "index" if you have variable-rate financing.
What kinds of expenses are fixed and variable?Fixed costs remain the same over a specified period of time. Variable costs may increase or decrease based on the output of the company. Examples of fixed costs are rent, taxes, and insurance. Variable costs include things like direct labor, commissary fees, and credit card charges.
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in a business organized as a sole proprietorship, retained earnings and capital acquired from owners are combined is a single account. this statement is
The given statement of sole proprietorship is true.
What is sole proprietorship?
A sole proprietorship, also referred as a sole tradership, individual entrepreneurship, or proprietorship, is a type of business owned and operated by a single person with no legal distinction between the owner and the business organisation. A sole trader does not always work alone and may hire others. The solo trader receives all profits and is personally liable for any losses and debts. Every asset of the business is owned by the proprietor, as are all of the business's debts. It is a "single" proprietorship, as opposed to a partnership, which must have at least two owners.
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a city has an assessed valuation of $\$8000000.$ the rate for school taxes is $60$ cents per $\$100$ valuation. if all but $4\%$ of the school taxes were collected, how many dollars were still owed?
The rate for school taxes is $60$ cents per $\$100$ valuation. if all but $4\%$ of the school taxes were collected, $ 1920 dollars were still owed.
The Ohio school district income tax brings in money to help the districts that impose the tax. All federal, state, local, and property taxes are not included in this school tax; they are independent and additional.
All British Columbians, including those who don't have children in school, benefit from the education system. You pay school tax to help cover the expense of educating children in British Columbia. The analytical process of calculating the current (or predicted) value of an asset or a business is called valuation. A valuation can be done using a variety of methods. When determining a firm's value, an analyst considers a variety of factors, including the management of the company, the makeup of its capital structure, the likelihood of future earnings, and the market value of its assets.
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it's marketing's job to ensure that consumers have a seamless experience with brands, products, and services at all touchpoints across the globe. what are the three touchpoints?
Digital, analog, and personal are the three touchpoints. A touchpoint is a message or method by which a brand communicates with their target market, providing engagement and allowing the brand to be perceived favourably by the prospective customer.
What is touchpoints in marketing ?A touchpoint is any way for a consumer to interact with a business organisation, whether it is face-to-face, through a website, an app, or any other form of communication. When customers interact with these touchpoints, they have the opportunity to compare their prior perceptions of the company and form an opinion.
Touchpoints in marketing communications refer to the various ways in which a brand interacts with and displays information to prospective and current customers. Touchpoints enable customers to have experiences every time they "touch" any part of a product, service, brand, or organisation, across multiple channels and time.
Touchpoints are a component of the IMC that represent the brand communicators' willingness to use specific communication motives to reach the appropriate target audience.
When a customer buys a product or service, this is used to engage them in the pre- and post-purchase experience. Touchpoints enable prospective customers to learn about the brand and the benefits it provides, allowing them to decide whether or not to purchase the product or service.
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a country has national saving of $50 billion, government expenditures of $30 billion, domestic investment of $10 billion, and net capital outflow of $40 billion. what is its supply of loanable funds? a. $30 billion b. $60 billion c. $50 billion d. $20 billion
The supply of loanable funds is $50 billion. Thus, option c is correct.
The supply of loanable funds considers only national savings( public savings + private savings), thus the supply of funds shall be only $50 billion. The national savings is the rate that measures the amount of income that households, business, and the government saves. It looks at the difference between a nation's income and consumption.
The national savings rate is the GDP that is saved rather than spent in the economy. It is an indicator of a nation's health as it shows the trends in savings.
Hence, option c is correct, that is $50 billion.
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to be workable, insurance must have which of the following characteristics? group of answer choices a. pooling of losses b. payment only for random losses c. risk transfer d. indemnification e. all of the above
Option (e) is the best choice. Insurance must possess all of the qualities outlined in the options in order to be practical.
What functions and significance does insurance serve?Out of the wealth that has been collected, insurance makes beneficial investments. Insurance also makes loss prevention, financial stability, and the promotion of trade and business activity possible, all of which support long-term economic growth and development. The ability of an economy to grow sustainably depends on insurance.
What guidelines govern insurance?There are six fundamental rules that must be followed in the insurance industry: insurable interest, utmost good faith, proximate cause, indemnification, subrogation, and contribution.
What does insurance cover?If the insured event occurs, the insurer must pay the insured's expenditures for restoring the situation to its original state in order to make up for any property or health harm the insured is responsible for.
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an employee recently retired, and the employee received an exit interview, returned a company-issued laptop, and had company-specific programs and applications removed from a personal pc. evaluate this employee's offboarding process and determine what, if anything, remains to be done.
It is required to disable the employee's user account and privileges.
Since the employee recently retired, the individual underwent an exit interview, returned a laptop that was provided by the employer and had company-specific software uninstalled from a personal computer. All of this points to an appropriate offboarding procedure. Additionally, the user account and rights of the employee must be disabled.
Resetting the employee's email password is crucial once they leave. Data loss could occur if this offboarding method is not followed, which would have major repercussions. Up until their account is cancelled, active contacts will still be able to access the organization's mail and other vital portals. To prevent access to any modules or information, it is advised to remove the user's permissions while their account is still active. This way, all internal administrative tasks pertaining to the user can be finished before their account is deactivated leading to an efficient offboarding.
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during the year, wright company sells 520 remote-control airplanes for $120 each. the company has the following inventory purchase transactions for the year. date transactionnumber of unitsunit costtotal cost jan. 1 beginning inventory40 $62 $2,480 may 5 purchase300 65 19,500 nov. 3 purchase250 70 17,500 590 $39,480 calculate ending inventory and cost of goods sold for the year, assuming the company uses fifo.
A business has choices when it comes to how to value its inventory. With a periodic inventory system, where the cost of goods sold and ending inventory are determined at the end of the period, the weighted-average approach is applied. Using this method, an average cost per unit is calculated and allocated to both sold and unsold inventories.
Average Weighted Cost per Unit
This is how the weighted-average cost per unit is determined:
Total cost of inventory / Total units in inventory equals weighted-average cost per unit.
Weighted-average cost per unit equals $38,610 divided by 530 units for a unit price of $72.8491.
Cost per unit on a weighted average is $72.8491.
Average Weighted Cost of Goods Sold
The following formula is used to determine weighted-average cost of goods sold:
Cost of products sold = Weighted-average cost per unit * Number of units sold
Cost of goods sold equals $72.8491 per unit times 500 sales, which comes to $36,424.55.
The weighted-average technique results in a cost of goods sold of $36,424.55.
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Which of the following best describes a liability?
