1. Toyota sells cars to the U.K for ¥2,700,000. Suppose the exchange rate between the countries changes from ¥200/£ to ¥80/£. What is the change in price to British consumers (assuming all costs are passed down to consumers)?
2. XYZ Co. has forecasted June sales of 600 units and July sales of 1,500 units. The company maintains ending inventory equal to 125% of next month's sales. June beginning inventory reflects this policy. What is June's required production? 1,725 units 1,625 units 1,875 units 1,675 units.