Solve the Equation 7-4 Log X=10

question 48

Essay

Solve the equation 7-4 log x=10 . Give an exact answer as well as its decimal approximation (to the nearest hundredth).

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Definitions:

Average Collection Period

The average amount of time it takes for a company to receive payments owed by its customers, indicating the efficiency of its credit and collections policies.

Return on Equity

A measure of a corporation's profitability, calculated by dividing net income by shareholder equity, indicating how effectively equity is utilized to generate profits.

Return on Assets

A financial ratio indicating the profitability of a company relative to its total assets, measuring how efficiently assets generate profits.

Fixed Asset Turnover

A financial ratio that measures how efficiently a company uses its fixed assets to generate sales.