Please solve the following question in detailed steps with explanation. I will make sure to...
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Please solve the following question in detailed steps with explanation. I will make sure to give a thumbs up. Thank you. An automobile manufacturers managers are concerned over declining sales since this has led to a decline in profits and thus a decline in their bonuses which are based on profits. They have decided to secretly switch to cheaper metal in producing their cars in an attempt to boost profits this year. Given this information, (a) explain how the switch might boost net income this year (b) next, explain how this move might hurt net income in later years.
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