Georgia Martin has decided to study medicine at a university in Adelaide. She has arranged to stay
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Georgia Martin has decided to study medicine at a university in Adelaide. 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 $20000. She searches the Internet and comes across the following at Car Sales:
2012 Toyota Pris i-Tech Auto; 46,000 km, Automatic, Hatch, 1.8i/100W Hybrid $18,000 excl. Govt. Charges
Required
- a. Evaluate how useful this information is in arriving at a decision.
- b. List extra information that Georgia should ascertain before deciding whether to buy this car.
- c. Assume that Georgia 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. It is possible to wind odometers to suggest a car has travelled less distance than it really has. Discuss the ethics of this.
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Accounting
ISBN: 9780730382737
11th Edition
Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie
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