Oriole, Inc. received the following information from its pension plan trustee concerning the operation of the company's defined-benefit pension plan for the year ended December 31, 2021: January 1, 2021 December 31, 2021 Projected benefit obligation $2,550,000 $2,900,000 Fair value of plan assets 1,300,000 1,650,000 Accumulated benefit obligation 1,935,000 2,625,000 Accumulated OCI―(PSC) 545,000 302,500 The service cost component for 2021 is $142,500 and the amortization of prior service cost is $242,500. The company's actual funding of the plan in 2021 amounted to $505,000. The expected return on plan assets and the settlement rate were both 7%.What is the amount of pension expense for 2021?

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.