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Vino Veritas Company, a U.S.-based importer of wines and spirits, placed an order with a...

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Accounting

Vino Veritas Company, a U.S.-based importer of wines and spirits, placed an order with a French supplier for 1,500 cases of wine at a price of 250 euros per case. The total purchase price is 375,000 euros. Relevant exchange rates for the euro are as follows:

Spot rate Forward rate to October 31 Call Option preiumum for october 31 strick price 1.25
9/15/2015 1.25 1.31 0.040
9/30/2013 1.30 1.34 0.075
10/31/2015 1.35 1.35 0.100

9/30

Forward Contract

Gain on forward contract

10/31

Forward contract

Gain on forward contract

Please she work.

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