Wichita industries' sales are 10% cash and 90% on credit. credit sales are collected as follows: 30% in the month of sale, 50% in the next month, and 20% in the following month. on december 31, the accounts receivable balance includes $12,000 from november sales and $42,000 from december sales. assume that total sales for january are budgeted to be $50,000. what are the expected cash receipts for january from the current and past sales?

a. $18,500.
b. $51,500.
c. $51,900.
d. $55,500.
e. $60,500

Ithink it should be increased.

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.