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
Quinones
- Hydrocarbon rings which contain two moieties position. They can be substituted in any position except at the ketone groups.