Use the following information on the U.S. dollar value of the euro to answer the...
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Use the following information on the U.S. dollar value of the euro to answer the question. On November 16, 2023, a U.S. company makes a sale to a customer in Germany. Under the sale terms, the customer will pay the company 100,000 on March 16, On November 16, the company also enters a forward contract to sell 100,000 on March 16, 2024. On March 16 , the company receives 100,000 from the customer and seils it using the forward contract. The company's accounting year ends December 31. What is the net effect on 2023 income of exchange rate changes due to the sale and the forward contract? select one: a. $200 net loss. b. $300 net gain c. $300 net loss d. No effect
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