Answer:
move up the career ladder
Explanation:
A career is a series of jobs that are related, whose foundation is based on interest, knowledge, training and experience. Moving up the career ladder means that one has continuously been growing in experience by moving from series of related jobs with fewer responsibilities to the one with more responsibilities within a specific profession.
Moving up the the career ladder also involve continuous advancement in education related to one's profession with a view to gaining more knowledge that would be applied to the chosen job hence above is an example of moving up the career ladder.
Answer: 12.5 times
Explanation:
The accounts receivable turnover tells you how effective your company's collection mechanism is.
Accounts Receivable turnover = net credit sales/accounts receivables
= 8500000/600000+760000 = 12.5 times.
Answer:
-3.28
Explanation:
Given that,
Initial quantity, Q1 = 2
Final quantity, Q2 = 0
Change in quantity = Q2 - Q1
= 0 - 2
= -2
Initial income, M1 = $8
Final income, M2 = $15
Change in Income = M2 - M1
= $15 - $8
= $7
Average quantity:
= (2 + 0) ÷ 2
= 1
Average income:
= (15 + 8) ÷ 2
= 11.5
Therefore,
Percentage change in quantity demanded:
= (Change in quantity demanded ÷ Average quantity) × 100
= (-2 ÷ 1) × 100
= -200%
Percentage change in income:
= (Change in income ÷ Average income) × 100
= (7 ÷ 11.5) × 100
= 60.87%
Income elasticity of demand:
= Percentage change in quantity demanded ÷ Percentage change in income
= -200 ÷ 60.87
= -3.28
Answer:
A cottage industry is a small-scale, decentralized manufacturing business often operated out of a home rather than a purpose-built facility. Cottage industries are defined by the amount of investment required to start, as well as the number of people employed.
