Business cycles can be divided between the the maximum points of economic activity, and the troughs, the lowest points of business activity.

Each row in a database is a set of unique information called a(n) table. record. object. field.

Frost corporation incurred the following transactions during its first year of operations. (assume all transactions involve cash.) 1) acquired $1,900 of capital from the owners. 2) purchased $435 of direct raw materials. 3) used $290 of these direct raw materials in the production process. 4) paid production workers $490 cash. 5) paid $290 for manufacturing overhead (applied and actual overhead are the same). 6) started and completed 250 units of inventory. 7) sold 140 units at a price of $6 each. 8) paid $130 for selling and administrative expenses. the amount of raw material inventory on the balance sheet at the end of the accounting period would be:

When a market is in equilibrium, the buyers are those with the willingness to pay and the sellers are those with the costs.