Jean had just received a promotion and substantial raise. Je…
Jean had just received a promotion and substantial raise. Jean felt her raise would give her much more spending money, thus she planned to buy a new sports car. Jean felt she did not need to worry about receiving the best price for her old car, which she thought was worth about $3,000. She sold the car for $500. In fact, the car was worth $5,000, and Jean had not taken into account the additional taxes on her extra income. Jean also decided that for a single mother a sports car would not be very practical. Jean wanted to return the $500 to the purchaser and get her car back. Assuming that Jean will return the $500 to the buyer, Jean can: