Use a tabular summary to record the following transactions for Crane Company using a perpetual inventory system. (a) On March 2, Crane Company sold $901,300 of merchandise to Sheridan Company on account. The cost of the merchandise sold was $559,000. (b) On March 6, Sheridan Company returned $117,700 of the merchandise purchased on March 2. The cost of the merchandise returned was $66,800. (c) On March 12, Crane Company received the balance due from Sheridan Company.

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.

The correct answer for this question would be letter choice a) simulating the speech conditions or the first option.