Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use this example as a guide and calculate the weighted average of John's business profits Weighted average calculation example for five years earnings of a

Use this example as a guide and calculate the weighted average of John's business profits

Weighted average calculation example for five years earnings of a business.

60,000 x 5 = $300,000 (profit for the most recent year X the weight of 5 since we have a 5-year period)

55,000 x 4 = $220,000

45,000 x 3 = $135,000

40,000 x 2 = $80,000

60,000 x1 = $ 60,000

795,000 /15 = $53,000 (this is the weighted average of the profits)

John's data for three years profit

2020 profit = 40,000

2019 profit = 45,000

2018 profit = 60,000

What is the weighted average of John's profits for the three years.

$90,000

$48,333

$45,000

$145,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Palgrave International Handbook Of Basic Income

Authors: Malcolm Torry

1st Edition

3030236137, 978-3030236137

More Books

Students also viewed these Finance questions

Question

Explain the commonly used type of visuals.

Answered: 1 week ago

Question

suggest a range of work sample exercises and design them

Answered: 1 week ago