Renee Carter has decided to study medicine at a university in Melbourne. She has arranged to stay
Question:
Renee Carter has decided to study medicine at a university in Melbourne. She has arranged to stay with a family on the north side of the city. In order to get to and from the university, she decides she will need to buy a car, costing a maximum of $10 000. She searches the Internet and comes across the following at Car City:
MAZDA 323 Red, 4D Sedan; 5 SP Manual; 2.0 Ltr, 4 cycl; odometer 153 293.
Required
A. Evaluate how useful this information is in arriving at a decision.
B. List extra information that Renee should ascertain before deciding whether to buy this car.
C. Assume that Renee does purchase the car, and subsequently finds that the car has mechanical problems that will require $2000 to fix. Discuss what she should do, given that she does not have enough money to pay for the repairs.
D. Hypothesise as to how ethical the community regards used car salespeople.
Step by Step Answer:
Accounting
ISBN: 978-1118608227
9th edition
Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett