Sarah's Father Is a Carpenter Who Makes Good Wages in Good

question 5

Multiple Choice

Sarah's father is a carpenter who makes good wages in good
Economic times,but is unemployed when the construction industry
Slows to a standstill.Sarah becomes a neurologist,earning $345,000 a
Year,and moves from the working class to the upper-middle class.
Between her father's generation and her own,Sarah has experienced
__________ social mobility.

• A) downward
• B) horizontal
• C) upward
• D) progressive

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Definitions:

Receivables Turnover Ratio

A financial metric used to assess how efficiently a company collects cash from its credit sales by dividing total credit sales by the average accounts receivable.

Payments Quickly

Payments quickly refers to the process of settling financial transactions or obligations in a brief period of time, enhancing liquidity and cash flow management.

Average Collection Period

The average number of days it takes for a company to receive payments from its credit customers.

Receivables Turnover

A financial metric measuring how efficiently a company collects its receivables or the speed at which it turns credits into cash.