Veronique and Lily each bought a piece of luggage that had the same price in different stores. The table below shows how they will pay for the item. Payment for Purchases Name Payment Type Payment Amount (Including Finance Charges) Number of Months to Pay for Item Veronique Store financed $25 10 Lily Credit card $35 7 Who made the better financial decision and why? Veronique because her payments are lower. Veronique because her final cost, including finance charges, is less than Lily's. Lily because she is paying off her purchase sooner. Lily because her final cost, including finance charges, is less than Veronique's.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Veronique and Lily each bought a piece of luggage that had the same price in different stores. The table below shows how they will pay for ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Why might it make financial sense - and actually make you more frugal - to buy quality items over their cheaper counterparts?
Answers (2)
Because of an accident royce was involved in, his insurance company has increased his annual premium for auto insurance by 5.2%. his original policy was set up using the premiums listed below.
Answers (1)
Suppose you operate a coal power plant and is considering upgrading the flue gas desulphurisation (FGD) facility (or "scrubbers") to reduce sulphur dioxide emissions. A contractor says their new system will cost $5000 per year to operate.
Answers (2)
Jerrod is relatively new to Xenon Corporation and wants to make sure that he makes a good impression on his coworkers and supervisor. He agrees with the supervisor's opinion most of the time and constantly compliments others about their good work.
Answers (1)
Zero-base budgeting: a. means the Congress has ""sunseted"" an agency. b. means that an agency does not automatically receive its previous year's base budget. c. is unconstitutional. d. none of the above
Answers (1)
New Questions in Business
Who should you' alert that you are interviewing for jobs? A. Your references B. Other possible employers C. Your classmates D. Your present employer
Answers (1)
Common allocation bases are a. direct labor dollars, direct labor hours, and machine dollars b. machine dollars, direct labor dollars, and direct labor hours c. direct labor dollars, direct labor hours, and machine hours d.
Answers (1)
George and Weezy received $30,200 of Social Security benefits this year ($12,000 for George; $18,200 for Weezy). They also received $5,000 of interest from jointly owned City of Ranburne Bonds and dividend income.
Answers (1)
Which of the following is true regarding the high-tech industry today? a. It generally depends on a pool of low-skilled labor. b. It has led to the increased economic development of previously rural areas. c.
Answers (1)
Presented below are three receivables transactions. Indicate whether these receivables are reported as accounts receivable, notes receivable, or other receivables on a balance sheet. -Sold merchandise on account for $64,000 to a customer.
Answers (1)