Bally manufacturing sent intel corporation an invoice for machinery with a $13,700 list price. bally dated the invoice july 26 with 5/10 eom terms. intel receives a 20% trade discount. intel pays the invoice on august 08. on august 1, intel corporation returns $400 of the machinery due to defects.

what does intel pay bally on august 08?

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.