Green company, an accrual basis taxpayer, provides business-consulting services. clients generally pay a retainer at the beginning of a 12-month period. this entitles the client to no more than 40 hours of services. once the client has received 40 hours of services, green charges $500 per hour. green company allocates the retainer to income based on the number of hours worked on the contract. at the end of the tax year for contracts entered into for the current year, the company had $50,000 of unearned revenues from these contracts. the company also had $10,000 in unearned rent income received this year from excess office space leased to other companies. based on this, green must include in gross income for the subsequent tax year:

Which of the following explains why the government sets a required reserve ratio for private banks? a. to allow the government to control the interest rate charged on loans. b. to prevent banks from printing too much money and causing inflation. c. to make sure banks don't run out of money when customers make withdrawals. d. to enable the regulation of risk levels in the decision process of offering loans. 2b2t

Apharmaceutical packaging company (ppc) has decided to reorganize its processes into cells. the company has four different production operations, each requiring a unique piece of equipment. the names and functions of the four pieces of equipment are sort, count, place, and package. the company packages five different families of products (a, b, c, d, and e). the tables below indicate the demand (total units/day by product family), required operations, and operation cycle times for each product family. assume that any individual piece of equipment is available to operate 16 hours/day, but 2 hours (in total) are lost each day on each piece of equipment due to breaks and meetings when operators are not available to operate the equipment. how many minutes/day are available for production

Dakota products has a production budget as follows: may, 16,000 units; june, 19,000 units; and july, 24,000 units. each unit requires 3 pounds of raw material and 2 direct labor hours. dakota desires to keep an inventory of 10% of the next month’s requirements on hand. on may, 1 there were 4,800 pounds of raw material in inventory. direct labor hours required in may would be: