Use the Following Information on the U On October 30, 2020, a U

Multiple Choice

Use the following information on the U.S. dollar value of the euro to answer bellow Questions
$$\begin{array} { | l | c | c | } \hline & \text { Spot Rate } & \begin{array} { c } \text { Forward Rate for } \\\text {April 30, 2021 Delivery }\end{array} \\\hline \text { October 30,2020 } & \$1.230 & \$ 1.240 \\\hline \text { November 1, 2020 } & 1.248 &1.254 \\\hline \text { December 31,2020} & 1.260 & 1.265 \\\hline \text { April 30, 2021}&1.270&1.720\\\hline\end{array}$$ On October 30, 2020, a U.S. company receives a purchase order from a customer in Spain. Under the sale terms, the customer will pay the company €100,000 on April 30. On October 30, the U.S. company also enters a forward contract to sell €100,000 on April 30, 2021. The company delivers the merchandise to the customer on November 1. On April 30, the company receives €100,000 from the customer and sells it using the forward contract. The company's accounting year ends December 31.
-On November 1, 2020, the company reports sales revenue in the amount of:

A) $124,300
B) $124,500
C) $124,800
D) $125,300