batons. Relay Corporation manufactures Relay can manufacture 300,000 batons a year at a variable cost of $750,000 and a fixed cost of $450,000. Based on Relay's predictions, 240,000 batons will be sold at the regular price of $5.00 each. In addition, a special order was placed for 60,000 batons to be sold at a 40% discount off the regular price. Question: By what amount would income before income taxes be increased or decreased as a result of the special order?

Explain the concept of active management.

Requirement Show your working

After reading the relevant sections of E, Chapter 10: Define 'translation exposure'. Briefly discuss whether managers should focus on managing translation exposure, and why or why not.