Suppose you are the CFO of Toyota and that you manufacture your cars in Japan and export the vehicles to the USA. Assuming your current profit per car is $1,000 and you sell 10,000 this year, please answer the following and show your computations:
– From a profitability point of view, do you generally favor a strong or weak US Dollar versus the Japanese YEN? Why?
– If the exchange rate is 1 US Dollar = 1.20 Japanese YEN, what is your profit this year in YEN?
– If the YEN appreciates in value versus the Dollar, would profitability increase or decrease?
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border: none;
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margin: 4px 2px;
cursor: pointer;
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