Exercise 9.7 determining the adjusted bank balance. lo 9-5 florence company received a bank statement showing a balance of $13,300 on november 30, 2019. during the bank reconciliation process, florence’s accountant noted the following bank errors: a check for $156 issued by florentine, inc., was mistakenly charged to florence company’s account. check 2782 was written for $100 but was paid by the bank as $1,100. check 2920 for $90 was paid by the bank twice. a deposit for $670 on november 22 was credited by the bank for $760. assuming outstanding checks total $2,200, prepare the adjusted bank balance section of the november 30, 2019, bank reconciliation.

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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.