On december 31, 2019, cruise company has 10,000 units of an inventory item, which cost $40 per unit when purchased on june 15, 2019. the selling price was $60 per unit. on december 30, 2019, it was determined that the cost to sell is $24 per unit. at what amount should the 10,000 units of inventory be reported at on the december 31, 2019 balance sheet?

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.