1. An industry average is best used as Group of answer choices 1 a desirable target or norm for the firm. 2 a point or r

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1.
An industry average is best used as
Group of answer choices
1 a desirable target or norm for the firm.
2 a point or rule with which to measure profitability.
3 a scientifically determined average of the ratios of arepresentative sample of firms within an industry.
4 a guide to the financial position of the average firm in theindustry.
explain
How much money must be put into a bank account yielding 3.5%(compounded annually) in order to have $1,250 at the end of 10years (round to nearest $1)?
Group of answer choices
1. $886
2. $798
3. $843
5. $921
explain