What is the currency loss

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Reference no: EM131570190

Mr. M. Balotelli, the owner of Balotelli Company, imports German cheeses from Klopp Company, located in Düsseldorf, to the US. On September 10, the Balotelli company bought Cheese costing 100,000 Euro. Balotelli Company must pay in Euro on December 10. The spot rate on September 10 was $1.20 per Euro, and on December 10, it was $1.25 per Euro. What is the currency loss?

Reference no: EM131570190

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