Windsor, inc. has the following transactions during august of the current year. indicate (a) the effect on the accounting equation and (b) the debit-credit analysis. aug. 1 opens an office as a financial advisor, investing $4,100 in cash in exchange for common stock. 4 pays insurance in advance for 6 months, $1,850 cash. 16 receives $400 from clients for services performed. 27 pays secretary $1,760 salary.

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.

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