Witten Corporation is a service company that measures its output by the number of customers served. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes.

Fixed Element per Month Variable Element per Customer Served
Revenue $ 6,600
Employee salaries and wages $ 55,100 $ 1,000
Travel expenses $ 600
Other expenses $ 43,100

A total of 27 customers were actually served during January.

The revenue in the company's flexible budget for January would have been closest to:

a.$145,200

b.$147,400

c.$180,900

d.$178,200

They can use the north star to estimate their location in the ocean.

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.