Business cycles are a. all roughly the same in duration and severity. b. alternating periods of smoothly expanding and contracting economic activity, which are usually illustrated using movements in nominal gdp. c. alternating periods of expanding and contracting economic activity, which are usually illustrated using movements in real gdp. d. alternating periods in which real gdp increases in an expansion to a business cycle trough and then decreases in a recession to a business cycle peak.

Job a3b was ordered by a customer on september 25. during the month of september, jaycee corporation requisitioned $2,400 of direct materials and used $3,900 of direct labor. the job was not finished by the end of the month, but needed an additional $2,900 of direct materials in october and additional direct labor of $6,400 to finish the job. the company applies overhead at the end of each month at a rate of 100% of the direct labor cost. what is the amount of job costs added to work in process inventory during october?

When the amount for land is 36,000 and the amount paid for expenses is 10,000, the balance of total asset is

On january 2, well co. purchased 10% of rea, inc.’s outstanding common shares for $400,000, which equaled the carrying amount and the fair value of the interest purchased in rea’s net assets. well did not elect the fair value option. because well is the largest single shareholder in rea, and well’s officers are a majority on rea’s board of directors, well exercises significant influence over rea. rea reported net income of $500,000 for the year and paid dividends of $150,000. in its december 31 balance sheet, what amount should well report as investment in rea?