Myra manning, cfe, was hired to investigate some suspicious activity at arizona medical supply after one of the company's largest customers complained several times that its account statements do not reflect all the payments it has made. while examining the accounts receivable activity, myra noticed a significant rise in the volume of overdue accounts during the last 6 months. what type of scheme might this situation indicate?

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.