The accountant for World Company discovered Central Bank had made an error on World's August 31 bank statement. The bank balance read $8,728, while
the book balance showed $6,998. The accountant found that an August 23 cheque for $1,250 did not appear on the bank statement (thus representing an
outstanding cheque). If this cheque is the only reconciling item, how much is the amount of the bank error?
$480
$1,250
$2,980
$1,730

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.