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
Dopamine Acetyltransferase
- An enzyme that catalyzes the of groups from acetyl-CoA to arylamines. They have wide specificity for aromatic amines, particularly serotonin, and can also catalyze acetyl transfer between arylamines without CoA. EC 2.3.1.5.