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LSDefine

Simple English definitions for legal terms

average cost

Read a random definition: So You Want to File a CAN-SPAM Suit?

A quick definition of average cost:

Average cost: The total cost of something divided by the number of units. For example, if you buy 10 apples for $10, and then later buy 5 more apples for $5, the average cost of each apple is $1 because you spent a total of $15 for 15 apples.

A more thorough explanation:

Definition: The sum of the costs of beginning inventory costs and the costs of later additions divided by the total number of available units.

Example: A company produces 100 units of a product. The cost of producing the first 50 units is $5000, and the cost of producing the next 50 units is $5500. The average cost of producing each unit is ($5000 + $5500) / 100 = $105.

This means that on average, the company spent $105 to produce each unit of the product. The example illustrates how the average cost is calculated by adding the costs of beginning inventory and later additions and dividing by the total number of units produced.

average | average daily balance

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soapy
10:06
Classy, does that mean they may look at your application, and that look doesn't necessarily trigger any date change?
1a2b3c4d26z
10:06
Man
1a2b3c4d26z
10:07
Walkin to the bus
1a2b3c4d26z
10:07
What a good day to get into law school
ClassyPleasantHeron
10:11
@soapy: I don't know for sure about the law school. For undergrad, once the application is complete, it's assigned to a reader the following Monday. If we had to make any changes, it's because a reader saw something that needed to be changed and the application needed to be re-read after that change.
soapy
10:12
Ahh, got it. Thank you for the insight!
ClassyPleasantHeron
10:14
You're welcome. FWIW, I have no idea what's up with the address changes. We didn't have to do any of that, except for the Georgia state vs country kinds of things.
soapy
10:15
I've heard it theorized that some schools will change the address from "St." --> "Street" as they prepare to send out admissions packets. That's the rumor, anyways.
i think it just indicates a change in status like under review or stages of review
my stanford address went long as soon as it was marked complete lmao
soapy
10:25
I saw some Reddit adcom say that they can see any time we refresh the status checker; I wonder if it's a red flag if an applicant's checked it like 50 times in a day?
soapy
10:25
Also, can we send another LoR to a school that we've already applied to?
soapy
10:26
Or another essay?
10:30
i'll allow it
soapy
10:31
<3 thanks Fart Butt
1a2b3c4d26z
10:31
If I get rejected by a school bc I check my statuses during work then it wasn’t meant to be
10:32
cautionary tail re reddit posts: https://www.youtube.com/watch?v=5jZAQAuqSfs
How else will they know we fuck
Need to know aboot 6 pack abs
How many 666 people apply?
lolololol
soapy
10:34
Ah that's frightening
@triplethread
Why? LOL
soapy
10:35
The adcoms recognize you and will deny you is frightening, lmaoo. Not the abs thing XD
10:36
they browse LSD?
soapy
10:37
Wouldn't be shocked if so; isn't this the biggest law school forum outside of Reddit?
10:37
i gotta change my username
10:37
not sure, the vid i sent used reddit as an example, however i guarantee they [adcoms] are aware of this site
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