Intermittent Weighted Average example

Ch3. Video 9 - Completing the Accoutning Cycle (Financial Statements) Example

Professor AJ Kooti provides a detailed examples of how to account for sales of inventory using the Intermittent FIFO method.

Professor AJ Kooti provides a detailed explanation of how to account for the sale of inventory using the intermittent LIFO method.

Professor AJ Kooti provides a detailed explanation of how to account for the sale of inventory using the intermittent LIFO method.

Now that we have finished with the construction phase, let's begin with the operations sheet. In this video, the author shows how to build the operations sheet from the construction sheet.
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In this video, you will learn how to create a dynamic pivot chart title.

This video will introduce tools to sort and filter data, teaching how to organize data in alphabetical order, reverse sort, and create custom sorts using multiple criteria. It also demonstrates how to filter records based on specific...

In this video I explain how to draw and analyze a perfectly competitive market and firm...and you get to meet Mr. DARP. Makes sure that you can use the graph calculate total revenue, total cost, and profit.

In this video I cover all the concepts for an introductory microeconomics course and AP course. I go super fast so don't take notes. Focus on the big picture ideas, identfy what you still need to practoce, and go back and watch my Unit...

The video explains the topic of revenue in economics and specifically focuses on three forms of revenue: marginal revenue, average revenue, and total revenue. The video provides a definition of revenue and demonstrates how to calculate...

This is a great activity to simulate the labor market and show how a business decides how many workers to hire. Watch the video and see if you can figure out the following: 1. How many workers should be hired to maximize profit? 2. What...

Hey econ students. Here’s a quick video explaining the difference between accounting profit and economic profit. Just remember that accountants only factor in explicit costs while economists factor in explicit AND implicit costs. Also,...

Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your microeconomics course.

This is my 60ish second explanation why the MR curve is less than the demand for all imperfectly competitive firms (except for price discriminating monopolies). Keep in mind that a monopoly must lower the price of all units to sell more...

Mr. Clifford's 60 second explanation of perfect competition in the short run with a firm making profit. The firm is a price taker and price is set by the market at $10. Don't forget to pause during the bonus round and calculate TR, TC,...

Professor AJ Kooti provides a detailed explanation of Accounting for the Sale of Inventory using the Intermittent Weighted Average method.

My 60 second explanation of the shut down rule. When the price falls below AVC a firm should shut down and produce nothing. It is better for them to take their fixed costs as a loss then to continue to produce.

Intermittent Weighted Average example

Hey econ students! This summary video covers microeconomics Unit 2: Supply and Demand. It covers demand, supply, elasticity, disequilibrium, equilibrium, shifts, taxes, and internations trade. Be sure to print and fill out the Unit 2...

Welcome to ACDC Econ. The is the Micro Unit 2 Summary. In this video I explain demand and supply (1:07), double shifts (9:30), price controls (10:19), elasticity (11:37), welfare economics(17:07), tariffs, and how to maximize utility...

Professor AJ Kooti provides a detailed explanation of how to account for the sale of inventory using the intermittent LIFO method.

Mr. Clifford's 60 second explanation of how to use the profit maximizing rule (MR = MC). Assume the firm is perfectly competitive and that the price is $20. Try pausing the video and identifying how much the firm should make and the...

Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your microeconomics course.