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Ayota Car Company produces a car that sells in Japan for 1.8 million. On September 1, the beginning of the model year, the exchange rate
Ayota Car Company produces a car that sells in Japan for 1.8 million. On September 1, the beginning of the model year, the exchange rate is 150:$1. Consequently, Ayota sets the U.S. sticker price at $22,000.
It takes time for production and cost-saving strategies to take effect. In the short run, what financial managers can do in short run to improve Ayotas situation? Why
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