Your company has just gone global. You have sold $10,000 worth of product to

a customer in Mexico City. The customer will pay in Pesos. The current exchange

rate is $1 = 10 Pesos, so the customer agrees to pay 100,000 Pesos in 30 days.

After 30 days the exchange rate is now $1 = 12 Pesos. You receive payment from your customer. What is the gain or loss (in U.S. $) due to exchange rate fluctuations? (round to nearest dollar - ex: 123)