WHY IN THE FIRST QUESTION HE GO LONG AND THE SECOND HE GO SHORT ?????

22) Your firm is a U.K.-based exporter of British bicycles. You have sold an order to an American firm for $1,000,000 worth of bicycles. Payment from the American firm (in U.S. dollars) is due in six months._Detail a strategy using futures contracts that will hedge your exchange rate risk. Go long 16 six-month forward contracts; raise approximately 537,600. $1,000,000/62,500=16. Next, $1.86$1,000,000=537,634 23) Your firm is a U.S.-based exporter of bicycles. You have sold an order to a French firm for 1,000,000 worth of bicycles. Payment from the French firm (in euro) is due in three months. Detail a strategy using futures contracts that will hedge your exchange rate risk. Have an estimate of how many contracts of what type and how much (in \$) your firm will have. Go short 16 six-month forward contracts; pay $1,630,000