According to the information in the Graph Veronique made a better decision than Lily because the final cost of her purchase is lower including finance charges (option B)
<h3>What is a finance charge?</h3>
A finance charge is an economic term that refers to additional charges made by finance companies (such as banks) to a transaction we make, such as a purchase.
In the case of Veronique and Lilly, they both bought the same suitcase with different prices. However, the better financial decision was Veronique's because she paid less ($25) for the same bag including finance charges.
While Lilly, despite having fewer fees, will have to pay $10 more than Veronique.
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Answer:
a price floor set above equilibrium
Explanation:
A price floor is a concept to prevent prices from being too low. Generally, it is used by governments to prevent the rights of supplier and sellers. A horizontal line above the equilibrium depicts price floor. Usually, if a price is set above the equilibrium, excess supply or surplus of commodities take place which results in a decrease in the prices. This is why the price floor is normally set at equilibrium.
Answer:
C) 3
Explanation:
The current ratio is the firms Current assets relative to its current liabilities.
It can be calculates as follows,
Current Ratio = Current assets / Current liabilities
Current Ratio = 240,000 / 80,000
Current ratio = 3
This signifies a healthy ratio as the company has 3 times as much current assets as compared to its current liabilities.
Hope that helps.
1 - performed an illegal act (actus reus)
2-while performing the act , had the required intent or specific state of mind ( mens rea)
