Function of financial intermediaries
Describe the function of financial intermediaries and discuss the importance of these functions to the business sector of a modern economy.
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Borden Enterprises uses standard costing. For the month of April, the company reported the following data:
Rex Corp's EBITDA last year was $390,000 (= EBIT + depreciation + amortization), its interest charges were $10,000, it had to repay $30,000 of long term debt, and it had to make a payment of $20,000 under a long term lease. The firm had no amortiz
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