<span>A firm is located along a
river, which uses water from the river to cool its machinery and returns the
water to the river several degrees warmer, which has led to a decline in the
fish population downstream of the firm. If the firm does not have to pay for
the damage to the downstream fish, the market equilibrium price will be efficient
and the market equilibrium quantity will be efficient.</span>
Answer:
The one with the larger sample size
Explanation:
Larger sample sizes provide more accurate mean values, identify outliers that could skew the data in a smaller sample and provide a smaller margin of error.
Answer:
The term “free market” is sometimes used as a synonym for laissez-faire capitalism. When most people discuss the “free market,” they mean an economy with unobstructed competition and only private transactions between buyers and sellers.
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Answer:
B) Accounts Receivable
Explanation:
Based on the information provided within the question it can be said that as of December 31st the account that should appear on the balance sheet are accounts receivable. These are claims for a payment for goods or services provided by the firm, and are usually sent in the form of invoices to the customer that needs to pay them in a given amount of time.
If the company follows the supplier's credit terms, the most expensive trade credit the company might receive is $56,699.
First step
Net purchases = $800,000 × (1 − 2 %)
= $800,000 × 98%
= $784,000
Second step
Net per day = $784,000/365
= $2,147.95
Third step
Total trade credit = Net days × Net per day
= 40 × $2,147.95
= $85,918
Fourth step
Free credit = Net per day × Discount days
= $2,147.95 x 15
= $32,219
Fifth step
Costly credit = Total credit − Free credit
= $85,920 - $32,219
= $53,699
In conclusion, If the company complies with the supplier's credit requirements, the greatest amount of expensive trade credit it might obtain is $56,699.
To learn more about trade credit
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