1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Snowcat [4.5K]
3 years ago
7

Harlan enterprises manufactures smart phones. currently, harlan has $14,000 in raw materials and $25,000 in finished goods in it

s warehouse. it also has $18,600 in work-in-process goods on its assembly line. harlan erroneously includes the work-in-process goods as part of finished goods inventory, listing work-in-process inventory as $0. what effect with this have on harlan's total inventory?
Business
1 answer:
Kitty [74]3 years ago
3 0
Ideally;
Inventory = Cost of raw materials + Cost of finished goods + Cost of work-in-progress

Assuming this ideal case, Harlan's inventory would be;

Inventory = $14,000+$25,000+$18,600 = $57,600

However, if work-in-progress inventory was listed as $0;

Then, the  new work-in-progress would be;
Inventory = 57,600-18,600 = $39,000

This would reduce the inventory for Harlan Enterprises which may affect other financial ratios such as inventory turn-over ratio. As a result, such ratios will not reflect the exact position of the company.
You might be interested in
What is the best advice for negotiating a business deal in a cross-cultural setting? avoid a win/win outcome. conduct transactio
DerKrebs [107]

In this case, you would want to avoid a win-lose situation.

1. You would want a win-win (where both parties feel as though they are gaining something from the transaction).

2. You can never go into an international negotiation with the same mentality as you would for in the US. Every culture is different and you should be aware of those differences.

3. You should not move too quickly between subjects. You should always ensure all parties understand and agree, which may take time.

7 0
3 years ago
In which of the following scenarios will you be entitled to pay the least amount of money out-of-pocket for a medical expense? A
Oliga [24]
<span> B.You have health insurance with a $500 deductible.
hope this helps.</span>
7 0
3 years ago
Boswell company manufactures two products, regular and supreme. boswell's overhead costs consist of machining, $3,000,000; and a
yawa3891 [41]
Total overhead costs
3000000+1500000=4500000

Total direct labor hours
10000+15000=25000 hours

Predetermined oH rate
4500000÷25000=180

Overhead applied to regular
180×10000 h =1800000...answer


4 0
2 years ago
A new president has been elected. She promises to lower taxes drastically. What is most LIKELY to happen as a result of this dec
pogonyaev

Answer:

Decreasing taxes would result in a loss of money from government funded organizations and other government jobs. There would be a lower budget for public schools and the salaries of police forces, post offices, and teachers would be forced to be cut. However, this would also raise economic activity, increasing people's ability to buy and coontribute more to the flow of money.

Explanation:

6 0
2 years ago
Which of the following costs is most likely NOT included in a bill from the university for a college student living on campus?
Sphinxa [80]

Answer:

B. cell phone

Explanation:

Out of all the following costs, the most likely not to be included in a bill from the university for a college student living on campus is "Cell Phone."

This is because except a student is on full scholarship, Tuition is a must cost to be included in the bill.

Also, student fees that cover extra costs like insurance, and health care are usually included in student bills.

Similarly, the housing cost covers a hostel or off-campus accommodation for students. Hence it is also included in the student bill.

Hence, the correct answer is the cost of a "Cell phone." Which doesn't concern the school whether a student has or not.

5 0
3 years ago
Other questions:
  • If $ 9 comma 000 is invested in a certain business at the start of the​ year, the investor will receive $ 2 comma 700 at the end
    5·1 answer
  • Testing is used by many companies during the recruitment process. Tests could include aptitude, psychological, personality, inte
    6·1 answer
  • Miltmar Corporation will pay a year-end dividend of $5, and dividends thereafter are expected to grow at the constant rate of 4%
    14·1 answer
  • What is it called when banks record which account gives up money and which account receives money when a customer writes a check
    15·1 answer
  • How do i cancel my membership on here
    13·1 answer
  • George is an entrepreneur who owns a large office that has a few meeting rooms. Almost every day, he sees that there are conflic
    5·1 answer
  • The closer the smoothing constant, ALPHA, is to 0 the greater the reaction to the most recent demand the greater the dampening,
    7·1 answer
  • Social Security Multiple Choice Is a Defined Benefit Pension Plan Is offered by local governments Is an optional Pension Plan Is
    15·1 answer
  • 6.
    7·1 answer
  • SEVEN (7) rewards and THREE (3) Challenges of the CEO of this company
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!