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nirvana33 [79]
2 years ago
5

Suppose you are working for a small start up as a purchasing agent. You are purchasing a product that requires that you pay in b

itcoins. The product costs 1.75 bitcoins. The exchange rate is 0.0035 bitcoins per dollar. What will the product cost you in U.S. dollars
Business
1 answer:
irina1246 [14]2 years ago
8 0

The product cost in US dollars given the exchange rate of bitcoins per dollar is $500.

<h3>What is the product cost in US dollars?</h3>

The exchange rate is the rate at which one currency is exchanged for another currency. In this question, 1 dollar is equivalent to 0.0035.

$1 = 0.0035 bitcoins

1.75 / 0.0035 = $500

To learn more about exchange rate, please check: brainly.com/question/25780725

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Answer:

1. Cash (Dr.) $145,850

Sales (Cr.) $145,850

2. Purchases (Dr.) $76,200

Accounts Payable (Cr.) $76,200

3. Accounts Payable (Dr.) $4,100

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Explanation:

Journal entries are recorded for the business transactions. These transaction incurred in the business are recorded in the books of accounts. These journal entries then create Ledger and Trial balance.

3 0
2 years ago
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Answer: true

Explanation:

8 0
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If a taxpayer's pension or annuity includes contributions that were previously included in gross income, the taxpayer may genera
drek231 [11]
If some contributions to your pension or annuity plan were prior combined in gross income, you can omit the part of the distributions from income. You must know the tax-free part when the payments start. The tax-free part normally stays the same each year, even if the amount of the payment changes. Nevertheless, the whole amount of your pension or annuity that you can omit from your income is typically defined by your total cost.
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look i don't care...

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just joking i don't know that question

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