ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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MEAN Definition
MEAN is the measure of central tendency; also called the average. It is calculated by the sum of the data points divided by the number of data points.
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SWEEPING ACCOUNTS is when an entity zeros out a monetary asset account (takes the money) that does not meet an established mandatory monetary hurdle at which they will make a payment to the holder of that account, e.g., if a salesman does not make a certain amount of sales required over a time period, his company will not pay him commission on the sales that were made during that period and sweep his account balance to zero at the end of the time period.
CUMULATIVE EARNINGS is the sum of all earnings over the time periods in question.
