The revenues and expenses of Paradise Travel Service for the year ended May 31, 20Y6, follow: Fees earned $730,835 Office expense 168,090 Miscellaneous expense 14,615 Wages expense 350,800 Prepare an income statement for the year ended May 31, 20Y6. Paradise Travel Service Income Statement For the Year Ended May 31, 20Y6 $- Select - Expenses: $- Select - - Select - - Select - Total expenses fill in the blank 9 $- Select -

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Destablishing a distribution network

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.