Splish Brothers Inc. took a physical inventory on December 31 and determined that goods costing $226,000 were on hand. Not included in the physical count were $31,000 of goods purchased from Novak Corp., FOB, shipping point, and $26,500 of goods sold to Crane Company for $33,000, FOB destination. Both the Novak purchase and the Crane sale were in transit at year-end. What amount should Splish Brothers report as its December 31 inventory

But you brightness on low, turn on airplane mode, clear your history

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.