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 a representative sample of firms within an industry.

4 a guide to the financial position of the average firm in the industry.

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 10 years (round to nearest $1)?

Group of answer choices

1. $886

2. $798

3. $843

5. $921

explain