The following information relates to the beginning of the year:

accounts receivable, $700,000
allowance for doubtful accounts (credit balance), $60,000
cash realizable value, $640,000
during the current year, sales on account were $195,000 and collections on account were $95,000. also during the current year, the company wrote off $11,000 in uncollectible accounts. at year-end, an analysis of outstanding accounts receivable indicated that the allowance for doubtful accounts should have a $72,000 credit balance so the company records the appropriate year-end adjusting entry.
how much did the cash realizable value change during the current year?

The answer is true a pertinent question is an appropriate question.

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.