https://www.wsj.com/articles/SB10001424052748704804204575069383091461488
Respond to the following questions in your post:
Do you think Toyota included the costs of the recall of six million cars in the U.S. in its budget?
How would the recall have affected the budgets of Toyota dealerships around the U.S.?
The article says that Toyota expected that the recall would reduce North American sales by 80,000 vehicles. What components of the master budget will be affected by this reduction?
Toyota uses a just-in-time inventory system, where inventory is delivered to manufacturing plants just as it is needed to keep the production line running. How would this inventory philosophy be reflected in the master budget?
