Accounting Assignment Example | Topics and Well Written Essays - 500 words

Accounting - Assignment Example After the negotiation, the checking of the cars history report is important. The car that is to be bought should be that with a positive report (Sharif, 23). Test driving the car before the payments is much important since it makes the buyer satisfied with the elements and the features that cab be got from the test. Inspection of the car will make the next step where the car undergoes several checks to make sure it is well. Negotiation of the deal becomes the next step after the inspection. This makes the buyer able to insist on the price which is lower than the one stated by the seller (Sharif, 203). The last step will be closing the deal after the seller agreeing to sell the car between the limits of 15,000 to 25,000 dollars with the least price possible. Budgeting for the car entails the inclusion of the operational budget items such as the maintenance costs and the buying of fuel for the car. The budget also entails the decision on the payment of the car whether to do nit monthly or annually when the car is bought on installments. The budget should also be address and consider the parts of the car that are not paid for or those that need continuous change (Sharif, 57). The budget addresses the objective of the car which is mainly to use it for work during summer. The budget will also consider the flow of cash to be used in the maintenance of the car. The budgeting also considers the alternatives that are available apart from the purchase of the car for example the use of public means to go to work. The budget for the car considers the different related items that are needed in the use of the car and the methods to be used in the payment (Sharif, 87). The budgeting also entails the creation of a spreadsheet after the collection of several data about the different cars and their costs. The buying and selling of the car should entails integrity between the buyer the seller. This will bring the negotiation between the two to come to the good price