Question

If you were an auditor who audited a car dealership and the dealership offered to sell...

If you were an auditor who audited a car dealership and the dealership offered to sell you a car at 20% off the list price, would you buy the car at the dealership?

Homework Answers

Answer #1

As I am playing the role of the auditor and that too in this particular dealership, under the code of conduct and ethics I should not be buying this car because it can be considered breaking the code of conduct.

My role is to fairly evaluate the business and report about it and not to take any form of consideration against it. This is the reason why I should not break the code of conduct.

The objective is to conduct my job in the right manner without taking any other kind of consideration or bribe against the same. If the offer was at arm’s length then it could have been considered.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Last month you assumed the position of manager for a large car dealership. The distinguishing feature...
Last month you assumed the position of manager for a large car dealership. The distinguishing feature of this dealership is its "no hassle' pricing strategy; prices (usually well below the sticker price) are posted on the windows, and your sales staff has a reputation for not negotiating with customers. Last year, your company spent $2 million on advertisements to inform customers about its “no hassle policy” and had overall sales revenue of $40 million. A recent study from an agency...
Suppose you are earning $57,000 a year as a sales representative for a car dealership at...
Suppose you are earning $57,000 a year as a sales representative for a car dealership at some point you decide to open a used car dealership to sell used cars. You invest $30,000 of savings that have been earning you $2000 per year. And you decide that your new firm will occupy a parking lot that you own and have been renting out for $6000 per year. You hire one clerk to help you in the store, paying her $38,000...
You are a newly hired sales consultant working at a local car dealership for a major...
You are a newly hired sales consultant working at a local car dealership for a major auto manufacturer. You are paid 100% commission. This means for each car you sell, you will receive 15% of the profit the dealership makes. Therefore, the more profit you manage to build into every car deal, the more you will be paid. During your second week of training, your manager (Ray) begins to teach you some "tricks of the trade." These are methods the...
A showroom for a car dealership is to be built in the shape of a rectangle...
A showroom for a car dealership is to be built in the shape of a rectangle with brick on the back and side and glass on the front. The floor of the showroom is to have an area of 500 m2. A brick wall costs $1200/m and a glass wall cost $600/m. The height of the showroom is preset and included in the price of the wall. What dimensions would minimize the cost of the showroom? - thank you in...
After deciding to buy a new car, you can either lease the car or purchase it...
After deciding to buy a new car, you can either lease the car or purchase it on a two-year loan. The car you wish to buy costs $32,000. The dealer has a special leasing arrangement where you pay $93 today and $493 per month for the next two years. If you purchase the car, you will pay it off in monthly payments over the next two years at an APR of 7 percent. You believe you will be able to...
You have decided to buy a used car. The dealer has offered you two options: (FV...
You have decided to buy a used car. The dealer has offered you two options: (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) Pay $560 per month for 20 months and an additional $10,000 at the end of 20 months. The dealer is charging an annual interest rate of 24%. Make a one-time payment of $15,887, due when you purchase the car.
suppose you buy a new car in 2018. the price of this car is $20000. then...
suppose you buy a new car in 2018. the price of this car is $20000. then you sell this car in 2019 at the price of $17000 and buy another new car at the price of $22000. what is the contribution of these transactions to the GDP of the country in 2019?
This sample is taken from taxpayers who were audited for tax year 2018: Solve the below...
This sample is taken from taxpayers who were audited for tax year 2018: Solve the below questions pertaining to the data given. Frequency Taxable Income($1000s) 1 20 to under 40 (20,000 to <40,000) 5 40 to under 60 (40,000 to <60,000) 16 60 to under 80 (60,000 to <80,000) 21 80 to under 100 (80,000 to <100,000) 4) What is the cumulative relative frequency of taxpayers who were audited and their taxable income was less than $60,000? A. 0.14 B....
1.   S offered to sell his house and lot to B for P2,000,000, who was interested...
1.   S offered to sell his house and lot to B for P2,000,000, who was interested in buying the same. In his letter, S stated that he was giving B a period of one-month within which to raise the amount. One week before the expiration of the one-month period. S told B that he is no longer willing to sell the property unless the price is increased to P3,000,000. May B compel S to accept the P2,000,000 first offered? Explain....
After deciding to buy a new car, you can either lease the car or purchase it...
After deciding to buy a new car, you can either lease the car or purchase it with a three-year loan. The car costs $30,000. The dealer has a lease program where you pay $100 today and $400 per month for the next three years. If you purchase the car, you will pay it off in monthly payments over the next three years at a 8 percent APR. You believe that you will be able to sell the car for $20000...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT