Mayfair Co. completed the following transactions and uses a perpetual inventory system. June 4 Sold $600 of merchandise on credit (that had cost $240) to Natara Morris, terms n/15. 5 Sold $9,600 of merchandise (that had cost $3,840) to customers who used their Zisa cards. Zisa charges a 5.5% fee. 6 Sold $5,872 of merchandise (that had cost $2,349) to customers who used their Access cards. Access charges a 4.5% fee. 8 Sold $4,350 of merchandise (that had cost $1,740) to customers who used their Access cards. Access charges a 4.5% fee. 13 Wrote off the account

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.

12342 3fg sdfg 757767 54546636