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Your goal is to transport as many bananas as possible to town. The town is 1,000 miles away. You have 1 camel and he can carry 1,000 bananas. The camel will need to eat 1 banana for every mile that you travel. How do you get the most bananas to the town? There is no right or wrong answer.
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Customer Support Consultant

Interviewed at Domo

3.4★
Dec 2, 2015

Your goal is to transport as many bananas as possible to town. The town is 1,000 miles away. You have 1 camel and he can carry 1,000 bananas. The camel will need to eat 1 banana for every mile that you travel. How do you get the most bananas to the town? There is no right or wrong answer.

A link was provided to a help desk article. Now let's say the following events occur: * On January 1, Satoshi buys three bitcoin (BTC) for $100 each * On March 15, Satoshi buys four more BTC for $200 each * On December 12, Satoshi sells five BTC for $150 each After each of the steps above, assuming first-in first-out (FIFO) accounting, what is Satoshi's: * Net Fiat Invested * Cost Basis * Capital Gain How do these three values change if Satoshi uses last-in first-out (LIFO) accounting instead? Satoshi asks you whether they should use FIFO or LIFO accounting — what do you recommend?
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Head of Customer Support

Interviewed at CoinTracker

4.3★
Mar 16, 2021

A link was provided to a help desk article. Now let's say the following events occur: * On January 1, Satoshi buys three bitcoin (BTC) for $100 each * On March 15, Satoshi buys four more BTC for $200 each * On December 12, Satoshi sells five BTC for $150 each After each of the steps above, assuming first-in first-out (FIFO) accounting, what is Satoshi's: * Net Fiat Invested * Cost Basis * Capital Gain How do these three values change if Satoshi uses last-in first-out (LIFO) accounting instead? Satoshi asks you whether they should use FIFO or LIFO accounting — what do you recommend?

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