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Toyota Recall-Information Literacy Project

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Information Literacy | Advance Accounting- Dr. | February 9,2010: Japanese automobile manufacturer Toyota announces a recall in the United States of its 2010 Toyota Prius model due to issues with the car’s braking system. |
11/27/2012
11/27/2012

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Japanese automobile manufacture Toyota announces a recall in the United States of its 2010 Prism model due to issues with the car’s breaking system. February 9, 2010 Toyota Motor Sales (TMS) U.S.A, Inc., announced it will conduct a voluntary safety recall on approximately 133,000 2010 model year Prius vehicles and 14,500 Lexus Division 2010m HS 250h vehicles to upgrade software in the vehicle anti-lock brake system (ABS). The ABS is normal operating, engages in disengages rapidly (many times per second) as the control system senses and reacts to tire slippage. Some 2010 model tear Prius and 2010 HS 250h owners have reported experiencing inconsistent brake feel during slow and steady application of brakes on rough or slick road surfaces when the ABS is activated in an effort to maintain tire traction. Toyota has responded to owners concerns with a running production change for 2010 Prius that was introduced in the past month, improving the ABS system’s response times as well as the system’s overall sensitivity to tire slippage. Toyota promises that the company is committed to do everything they can as fast as possible to restore consumer trust in Toyota and these recalls are part of the effort. The recall will allow Toyota dealers to perform the software update on 2010 Prius vehicles sold prior to this running production change. Only Prius vehicles produced since May 2009 and all HS 250h vehicles are subject to this recall. First- and second-generation Prius vehicles use a different ABS system and are not involved in this campaign.

B | Apr 13, 2010 | A week before recall | | 0.011031 | | | | | | | | C | | FC Spot rate 04/20/2010 | | 0.010735 | | | | The exchange rate forward (one-month) | | 0.010738 | | | | | | | | D | | Sale of merchandise | Yen | 1,000,000 | | | | Direct exchange rate to U.S. dollars | $ | * 0.10738 | | | | Sale price in U.S. dollars | $ | 10738.00 | | | | | | | | | Account receivable | $ | 10738.00 | | | | Sale | | | 10738.00 | | | | | | | | | Sale of merchandise in foreign currency | Yen | 1,000,000 | | | | Direct exchange rate to U.S. dollars | $ | 0.010733 | | | | Payable in U.S. dollars | $ | 10733.00 | | | | Balance in payable | $ | 10738.00 | | | | Transaction gain | $ | 5.00 | | | | | | | | | | Account payable | $ | 5.00 | | | | Transaction gain | | | 5.00 | | | | | | | E | | Purchase | $ | 10738.00 | | | | Account payable | | | 10738.00 | | | | | | | | | | | | | F | | Yen | | 1,000,000 | | | | Direct rate | $ | 0.010751 | | | | Payable | $ | 10751.00 | | | | Here I would gain I receive more | | | | | | | | | | G | | If I had hedge the sale, I would have gain | | 784.00 | | | | | | | | | | | | | |

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