MOVING AVERAGE PRICE (MAP)
\mˈuːvɪŋ ˈavɹɪd͡ʒ pɹˈa͡ɪs mˈap], \mˈuːvɪŋ ˈavɹɪdʒ pɹˈaɪs mˈap], \m_ˈuː_v_ɪ_ŋ ˈa_v__ɹ_ɪ_dʒ p_ɹ_ˈaɪ_s__ m_ˈa_p]\
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In accounting records goods' price assigned using a moving average. When accounting for goods that are readily available with small cost fluctuations and reduces margin variations businesses are more likely to use a moving average price. A manufacturing company could assign a moving average price to its raw materials and machinery's spare parts, as examples.
By Henry Campbell Black
Word of the day
basidiomycota
- comprises fungi bearing the spores on basidium: Gasteromycetes (puffballs); Tiliomycetes (comprising orders Ustilaginales (smuts) and Uredinales (rusts)); Hymenomycetes (mushrooms; toadstools; agarics; bracket fungi); in some classification systems considered a division of kingdom comprises fungi bearing spores on a basidium; includes Gasteromycetes (puffballs) Tiliomycetes comprising the orders Ustilaginales (smuts) and Uredinales (rusts) Hymenomycetes (mushrooms, toadstools, agarics bracket fungi).