Question 8 Presented below are changes in the account balances of Wenn Company during the year, except for retained earnings. Increase (Decrease) Increase (Decrease) Cash $28,860 Accounts payable $32,580 Accounts receivable (net) (17,010) Bonds payable (19,620) Inventory 52,010 Common stock 63,760 Plant assets (net) 46,730 Paid-in capital 15,390 The only entries in Retained Earnings were for net income and a dividend declaration of $17,520. (a) Compute the net income for the current year.

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

B. false hope it ! : )