Company Cs annual sales were $102,598 last year, and accounts receivable days on hand was 30 days. This year, the company expects sales to remain at the same level as last year, but expects accounts receivable days on hand to decrease to 27 days. What impact will the change in receivables have on cash flow for this year

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.

Government ownership and control of resources

The correct answer is  "b)  net income overstated, assets unaffected, liabilities understated, and owner's equity overstated."