AMIS624X3I - |_|_|_|_|_|_|_|_|_|_|_|_| LastName FirstName

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Last Name | _ | _ | _ | _ | _ | _ | _ | _ | _ | _ | _ | _ | First Name | _ | _ | _ | _ | _ | _ | _ | _ | _ | _ | _ | _ | Exam III Summer 2010 Instructions: 1. Read   each   question   carefully   and   answer   fully.     All   firms   use   a  calendar year.  Ignore time value of money issues. 2. Budget your time carefully.  It is generally better to finish half of each  problem than to complete all of half the problems.   Students who  continue to work on exams after instructed to stop will receive a zero  on this exam. 3. It is the student's responsibility to verify that all the listed problems  and   pages   are   contained   is   this   booklet.     Unanswered   questions  receive zero points regardless of reason. Problem Pages Approximate Points Approximate Time I 2-3 34 22 – 27 minutes II 4-5 34 22 – 27 minutes III 6-7 32 21 – 26 minutes
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Page 2 of 8 Total 100 65 - 80 minutes
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Page 3 of 8 Problem I On 12/1/20x1, Henry Company bought inventory from a French firm on account,  agreeing to pay 100,000 Euros (€) on 3/30/20x2.  To protect this exposed liability, Henry  paid $700 to purchase an option to buy 100,000€ that expires on 3/30/20x2.  Henry will not 
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This note was uploaded on 08/06/2011 for the course AMIS 624 taught by Professor Wallin during the Summer '11 term at Ohio State.

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AMIS624X3I - |_|_|_|_|_|_|_|_|_|_|_|_| LastName FirstName

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